“Tariff Uncertainty”: Canada Goose Stock (TSE:GOOS) Declares Earnings, Pulls Forecasts, Explodes Up Nearly 27%

It was a huge day for Canadian upscale fashion retailer Canada Goose (TSE:GOOS), who rolled out an earnings report that turned out to be a big win. While it also retracted its full-year earnings forecast, the gains seen from this earnings report proved to be more than enough for investors. In fact, investors piled in and sent shares blasting up nearly 27% in Wednesday morning’s trading.

The earnings report turned out to be enough of a win in and of itself for investors. While analysts were looking for C$0.23 per share in earnings, Canada Goose posted C$0.33. And revenue offered up a similar win, as Canada Goose posted C$384.6 million against the C$356.4 million analysts were looking for. Better yet, the gains Canada Goose posted turned out to be a win against the same period last year; revenue was up 7.4% against that figure, reports noted.

And though the market is fraught with uncertainty right now, Canada Goose—via CEO Dani Reiss—pointed out that this was “not the first time” that Canada Goose has faced tough times. Reiss pointed out that Canada Goose survived the Great Recession of 2008, and of course, the COVID-19 pandemic. Each time, Reiss noted, Canada Goose has emerged stronger for the trouble.

Pulling Guidance

But that did little good in terms of figuring out just how Canada Goose would come out of the new fiscal year, and Neil Bowden, the company’s chief financial officer, pulled guidance on the 2026 fiscal year. Basically it boils down to tariffs, and though Canada Goose’s tariff exposure is comparatively light, “tariff uncertainty” is still a major part of the season to come.

Thankfully for Canada Goose, the impact should be modest. A full 75% of Canada Goose’s manufacturing is done in Canada, and most of that figure is directly compliant with the terms of the United States-Mexico-Canada agreement. That leaves it out of tariff issues altogether. The remaining 25%, however, is mostly coming out of Europe. That means some tariffs, but Canada Goose looks for “minimal financial impact” to come out of that.

Is Canada Goose a Good Stock to Buy?

Turning to Wall Street, analysts have a Moderate Sell consensus rating on GOOS stock based on three Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 34.11% loss in its share price over the past year, the average GOOS price target of C$10.78 per share implies 31.79% downside risk.

See more TSE:GOOS analyst ratings

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