For Q1 ended June 30, 2026, total revenue rose 21 per cent year on year (YoY) to C$84.8 million (~$60.4 million). Net loss narrowed to C$50.1 million (~$35.7 million), compared to a net loss of C$85 million in the prior-year period. Operating loss improved to C$59.4 million (~$42.3 million) from C$98.3 million a year earlier, while gross margin expanded to 66.1 per cent from 55.4 per cent. Basic and diluted loss per share stood at C$0.48, compared to C$0.80 a year ago.
Canada Goose’s Q1 FY27 revenue rose 21 per cent to C$84.8 million (~$60.4 million); losses narrowed and gross margin reached 66.1 per cent.
DTC sales grew 37 per cent on higher store and e-commerce traffic and conversions; wholesale fell 12 per cent as partner demand softened.
The brand kept FY27 guidance at C$1.4–1.5 billion (~$997.5 million–$1.07 billion) and plans four to six DTC stores.
“Our first quarter results demonstrate the strength of our brand and the effectiveness of our DTC-led strategy. We continue to focus on driving productivity in our existing stores and expanding our reach to new consumers globally,” said Dani Reiss, chairman and chief executive officer, Canada Goose Holdings Inc.
DTC channel drives revenue growth as wholesale declines
The DTC segment recorded revenue of C$60.7 million (~$43.2 million), up 37 per cent YoY, driven by higher traffic and conversion rates in both physical stores and e-commerce. DTC comparable sales increased 18 per cent. In contrast, wholesale revenue fell 12 per cent YoY to C$23.7 million (~$16.9 million), reflecting continued softness in partner demand and tighter inventory management, the company said in its earnings release.
Geographically, revenue growth was strongest in Asia-Pacific, where sales rose 42 per cent YoY, led by China and Japan. The Americas region posted a 13 per cent increase, while Europe, Middle East and Africa (EMEA) revenue grew 11 per cent.
Margins improve on higher DTC mix and cost control
Gross margin expanded to 66.1 per cent from 55.4 per cent, supported by a greater proportion of DTC sales, improved pricing and favourable product mix. Operating expenses were reduced by 10 per cent YoY, reflecting disciplined cost management and lower marketing spend. Adjusted EBIT loss narrowed to C$45.2 million (~$32.2 million) from C$73.5 million a year earlier.
Canada Goose maintains FY27 guidance
Canada Goose reaffirmed its full-year fiscal 2027 guidance, expecting total revenue of C$1.4–1.5 billion (~$997.5 million–$1.07 billion) and adjusted EBIT margin in the low double digits. The company plans to open four to six new DTC stores globally during the year, while continuing to invest in brand and product innovation.
Fibre2Fashion News Desk
