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Canada Goose: Fiscal Q1 Earnings Snapshot
Direct-to-consumer revenue rose to $84.8 million, while wholesale sales jumped 66.5% as Canada Goose expanded apparel and cut costs.
- Canada Goose Holdings Inc. reported a first-quarter loss of $90.8 million on Thursday, as total revenue increased 10.3 percent to $118.9 million compared with a year earlier.
- Chairman and CEO Dani Reiss stated the company is "successfully evolving" into a year-round luxury brand, with apparel, rainwear, and windwear representing nearly 40 percent of quarterly revenues.
- Direct-to-Consumer revenue reached $84.8 million while wholesale revenue rose to $29.8 million, supporting Canada Goose's expansion to 92 stores after opening four new locations during the quarter.
- "Store traffic in North America was not where we liked it, but that's not an indicator of brand health," Reiss said, citing macroeconomic conditions as DTC comparable sales declined 3.2 percent.
- The company estimates that potential duties announced July 20 would impact this year's operating margin by less than 200 basis points, assuming no mitigating actions are taken.
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Canada Goose Holdings announced a shareholder loss of $90.8 million in the first quarter, while its sales increased by 10.3 per cent compared to the previous year.
·Montreal, Canada
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Business Wire
Business WireCanada Goose Reports First Quarter Fiscal 2027 Results
Delivered revenue of $118.9m, an increase of 10.3% on a reported basis (up 8.6% on a constant currency basis1) versus the prior year Expanded adjusted EBIT margin2 to (87.3)% from (98.7)% in the same period last year driven by gross margin expansion and SG&A leverage, reducing operating loss and adjusted EBIT2 to $(103.8)m DTC comparable […]
·Toronto, Canada
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Total News Sources11
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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