The earnings call reflected strategic advancements and strong regional performances, particularly in North America and Japan, buoyed by the successful Snow Goose launch. However, it was tempered by declines in wholesale revenue and challenges in Greater China and EMEA markets. Despite improvements in gross margin and inventory management, the decline in DTC comparable sales and elevated SG&A expenses present ongoing challenges.

Company Guidance

During the Canada Goose Third Quarter Fiscal Year 2025 earnings call, the company highlighted several key metrics and strategic initiatives that shaped their performance. Revenue for the third quarter was $608 million, slightly lower than the previous year's $610 million, primarily due to an 8% decline in Wholesale revenue. However, the direct-to-consumer (DTC) business showed positive momentum, with a 6% negative comparable sales decline, but a significant 22% growth in North American comp sales in December. This improvement was attributed to the successful launch of the Snow Goose capsule collection, which generated over 30 billion media impressions and drove brand engagement. The company also achieved a 15% year-over-year reduction in inventory, marking the fifth consecutive quarter of inventory decreases. Despite macroeconomic pressures, Canada Goose maintained its adjusted EBIT margin at 33.8%, slightly down from 34% the previous year. Looking ahead, the company adjusted their full-year DTC comparable sales outlook to range from flat growth to a mid-single-digit decrease, while maintaining their revenue guidance within a range of a low-single-digit increase to a low-single-digit decline compared to fiscal 2024.

Strong North America DTC Performance

In North America, DTC comparable sales grew 3% in Q3 with a 22% increase in December, driven by marketing activation and strategic team execution.

Successful Snow Goose Launch

The Snow Goose capsule collection achieved a record 30 billion media impressions, with 25% of buyers also purchasing mainline products and a 3-year high in US search interest.

Inventory Management Improvements

Q3 inventory decreased 15% year-over-year, marking the fifth consecutive quarter of reduction, reflecting improved planning and operational processes.

EMEA and Japan Growth

EMEA saw improved conversion rates despite traffic challenges, and Japan's DTC performance improved significantly year-over-year with two new store openings.

Gross Margin Expansion

Gross margin expanded by 70 basis points to 74.4%, driven by favorable pricing and reduced inventory provisions.

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Canada Goose Holdings (GOOS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GOOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 15, 2025	2025 (Q4)	0.16 / -	0.134	―	―	―
Feb 06, 2025	2025 (Q3)	1.09 / 1.06	0.966	10.22% (+0.10)	―
Nov 07, 2024	2025 (Q2)	-0.04 / 0.04	0.113	-68.75% (-0.08)	―
Aug 01, 2024	2025 (Q1)	-0.56 / -0.56	-0.493	-12.86% (-0.06)	―
May 16, 2024	2024 (Q4)	0.04 / 0.13	0.099	35.71% (+0.04)	―
Feb 01, 2024	2024 (Q3)	0.96 / 0.97	0.895	7.87% (+0.07)	―
Nov 01, 2023	2024 (Q2)	-0.15 / 0.11	0.155	-27.27% (-0.04)	―
Aug 03, 2023	2024 (Q1)	-0.60 / -0.49	-0.395	-25.00% (-0.10)	―
May 18, 2023	2023 (Q4)	0.05 / 0.10	0.028	250.00% (+0.07)	―
Feb 02, 2023	2023 (Q3)	1.13 / 0.90	1.001	-10.56% (-0.11)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GOOS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$10.64	$9.80	-7.89%
Nov 07, 2024	$9.61	$9.71	+1.04%
Aug 01, 2024	$11.55	$10.90	-5.63%
May 16, 2024	$11.42	$13.19	+15.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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