Canada Goose ( (GOOS) ) has released its Q3 earnings. Here is a breakdown of the information Canada Goose presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Canada Goose Holdings Inc. is a performance luxury outerwear, apparel, footwear, and accessories brand known for its high-quality craftsmanship and commitment to Canadian manufacturing.
In the third quarter of fiscal 2025, Canada Goose reported revenues of $607.9 million with net income attributable to shareholders reaching $139.7 million, reflecting a steady financial performance despite a slight decline in overall revenue compared to the previous year.
The company saw a decrease in total revenue by 2.2% on a constant currency basis, with a notable decline in wholesale revenue by 7.5%. However, the direct-to-consumer (DTC) segment showed resilience with a slight revenue increase. Canada Goose also highlighted strategic initiatives such as the launch of the Snow Goose collection and expansion in retail locations, which contributed to maintaining brand momentum amid challenging macroeconomic conditions.
Gross profit improved to $452.0 million, with a gross margin of 74.4%, up from the previous year’s 73.7%, driven by pricing strategies and reduced inventory provisioning. Operating income also saw an increase, reaching $204.3 million, indicating effective cost management and strategic investment in brand initiatives.
Looking ahead, Canada Goose’s management remains focused on balancing operational excellence with strategic investments to drive brand strength and commercial success across its channels, despite the ongoing challenges in global luxury consumer spending trends.
