Cautious Outlook for Canada Goose Holdings Amid Macroeconomic Uncertainty and Operational Challenges

Alexander Perry, an analyst from Bank of America Securities, reiterated the Sell rating on Canada Goose Holdings (GOOS – Research Report). The associated price target is C$14.00.

Alexander Perry’s rating is based on several factors influencing Canada Goose Holdings’ financial outlook. Despite the company’s recent positive performance in direct-to-consumer (DTC) sales and an increase in gross margin, there is a prevailing uncertainty in the macroeconomic environment that affects high-value discretionary spending. This uncertainty has led to the absence of guidance for fiscal 2026, which contributes to a cautious outlook.
Additionally, while Canada Goose is making progress in its operational initiatives, including brand evolution and retail execution, the company faces challenges such as lower wholesale revenue growth and increased marketing expenses. These factors have resulted in a slight downward adjustment in the earnings per share estimate for fiscal 2026. Consequently, the combination of these elements supports the decision to maintain a Sell rating, reflecting concerns over the near-term financial performance and market conditions.

In another report released yesterday, Williams Trading also downgraded the stock to a Sell with a C$10.00 price target.

GOOS’s price has also changed moderately for the past six months – from $9.500 to $10.670, which is a 12.32% increase.