The earnings call presented a strong start to the fiscal year with notable revenue growth, especially in the North American and APAC regions. The company made significant progress in sustainability and inventory management. However, increased SG&A expenses, challenges in EMEA, and consumer softness in Japan and the U.K. were notable concerns.

Company Guidance

During the Canada Goose Q1 Fiscal Year 2026 earnings call, several key metrics and strategic priorities were highlighted. Revenue for the first quarter was $108 million, marking a 22% increase year-over-year. The direct-to-consumer (D2C) channel was a primary driver, with a 15% growth in comparable sales. The company experienced significant growth in North America and APAC, particularly in Mainland China, while Europe saw a slight decline due to planned decreases in wholesale revenue. Gross margin expanded by 170 basis points to 61.4%. SG&A expenses increased by 50% year-over-year, including one-time charges, but adjusted SG&A grew at a slower pace than revenue, improving as a percentage of revenue by 850 basis points. Inventory was reduced by 9% from the prior year, and net debt decreased significantly, reflecting improved inventory management and strong operating cash performance. The company emphasized continued investment in strategic marketing, product innovation, and store operations to sustain growth.

Significant Revenue Growth

Revenue for the first quarter was $108 million, up 22% year-over-year on a reported and constant currency basis.

Direct-to-Consumer Channel Success

D2C revenue increased to $78 million, up 23%. This channel showed a 15% comparable sales growth on a consolidated basis.

Strong Performance in North America and Mainland China

Revenue in North America was up 27%, with stores leading the way. APAC revenue increased by 27%, driven by strong D2C growth in Mainland China.

Sustainability Achievements

In fiscal 2025, achieved a 9% reduction in Scope 1 emissions and a 25% reduction in Scope 3 emissions, while investing in 10 renewable energy projects.

Inventory Management Improvements

Inventory was $440 million, down 9% year-over-year, marking the seventh consecutive quarter of year-over-year inventory declines.

Strong Operational Foundation

Net debt was significantly reduced to $542 million compared to $766 million at the end of Q1 fiscal '25, reflecting improved cash performance.

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

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GOOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	-0.08 / -	0.036	―	―	―
Jul 31, 2025	2026 (Q1)	-0.63 / -0.66	-0.575	-15.19% (-0.09)	―
May 22, 2025	2025 (Q4)	0.17 / 0.24	0.138	73.68% (+0.10)	―
Feb 06, 2025	2025 (Q3)	1.12 / 1.10	0.996	10.22% (+0.10)	―
Nov 07, 2024	2025 (Q2)	-0.04 / 0.04	0.116	-68.75% (-0.08)	―
Aug 01, 2024	2025 (Q1)	-0.58 / -0.57	-0.509	-12.86% (-0.07)	―
May 16, 2024	2024 (Q4)	0.05 / 0.14	0.102	35.71% (+0.04)	―
Feb 01, 2024	2024 (Q3)	0.99 / 1.00	0.924	7.87% (+0.07)	―
Nov 01, 2023	2024 (Q2)	-0.16 / 0.12	0.16	-27.27% (-0.04)	―
Aug 03, 2023	2024 (Q1)	-0.62 / -0.51	-0.407	-25.00% (-0.10)	―

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

GOOS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$12.75	$10.95	-14.12%
May 22, 2025	$10.67	$11.41	+6.94%
Feb 06, 2025	$10.64	$9.80	-7.89%
Nov 07, 2024	$9.61	$9.71	+1.04%

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.