Canada Goose Holdings Inc. started fiscal 2027 with a stronger first quarter, delivering double digit revenue growth, higher gross margin and improved profitability as it continues its shift into a year round luxury brand. Management pointed to growing engagement across categories beyond traditional winter outerwear, a more productive direct to consumer model and disciplined brand investment as key drivers of the quarter.
In the first quarter ended June 28, 2026, total revenue increased 10.3 percent to 118.9 million, up 8.6 percent on a constant currency basis, supported by gains across both direct to consumer and wholesale channels. DTC revenue grew 8.6 percent to 84.8 million, or 6.7 percent on a constant currency basis, driven by stronger performance in Asia Pacific and North America; while DTC comparable sales declined 3.2 percent, reflecting softer store comparables, this was partially offset by double digit e commerce growth. Wholesale revenue rose 66.5 percent to…
29.8 million, or 65.4 percent on a constant currency basis, as the company shipped a larger planned wholesale order book, captured stronger in season orders and benefited from shipment timing, while Other revenue declined 63.6 percent to 4.3 million due to minimal friends and family activity in the United States versus the prior year.
Profitability metrics moved in the right direction. Gross profit increased 12.1 percent to 74.2 million, with gross margin expanding to 62.4 percent from 61.4 percent in the first quarter of fiscal 2026, reflecting favourable channel and regional mix.
Selling, general and administrative expenses declined to 178.0 million from 224.9 million, primarily due to the non recurrence of an arbitration award payment and an earn out linked to a European knitwear manufacturer that were recognized in the prior year period.
As a result, operating loss narrowed to negative 103.8 million, compared with negative 158.7 million a year earlier, while net loss attributable to shareholders improved to negative 90.8 million, or negative 0.93 per basic and diluted share, versus negative 125.2 million, or negative 1.29 per share, in the prior year…
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