Canada Goose Holdings Inc (TSE:GOOS)
TSX:GOOS
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Canada Goose Holdings
(TSX:GOOS)
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Rating:58Neutral
Price Target:
C$15.50
▲(6.09% Upside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by weakened profitability and elevated leverage, reinforced by bearish technicals (price below key moving averages and negative MACD). These risks are partially offset by strong gross margins, continued cash generation, very low P/E valuation support, and an earnings-call outlook that shows solid demand trends alongside a credible (but not yet quantified) margin-recovery plan.
Positive Factors
High Gross Margins
Sustained ~68% gross margins reflect durable brand pricing power and favorable product economics in the performance-luxury segment. High gross margin provides structural protection for operating profit recovery, supporting the ability to absorb SG&A while funding investments and cash generation over the medium term.
Negative Factors
Elevated Leverage
Debt-to-equity near 1.8 limits financial flexibility for a consumer discretionary brand exposed to demand cyclicality. Operating cash covers less than half of total debt (coverage ~0.44), raising refinancing and liquidity risk if revenue or margins slip, and constraining investment capacity during a multi-quarter recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained ~68% gross margins reflect durable brand pricing power and favorable product economics in the performance-luxury segment. High gross margin provides structural protection for operating profit recovery, supporting the ability to absorb SG&A while funding investments and cash generation over the medium term.
Read all positive factors
Canada Goose Holdings (GOOS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.42B
Dividend YieldN/A
Average Volume (3M)95.75K
Price to Earnings (P/E)3.2
Beta (1Y)1.31
Revenue Growth3.78%
EPS Growth-54.87%
CountryCA
Employees4,462
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.43
Shares Outstanding46,124,374
10 Day Avg. Volume90,162
30 Day Avg. Volume95,749
Financial Highlights & Ratios
PEG Ratio-1.81
Price to Book (P/B)4.04
Price to Sales (P/S)1.26
P/FCF Ratio15.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$15.45Price Target Upside5.75% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)1
Revenue Forecast (FY)C$1.55B
Canada Goose Holdings Business Overview & Revenue Model
Company Description
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates...
How the Company Makes Money
Canada Goose makes money primarily by selling branded apparel and accessories at premium price points through two main channels: direct-to-consumer (DTC) and wholesale. In its DTC model, the company sells products directly to end customers via its...
Canada Goose Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Neutral
The call presents balanced results: clear and broad top-line momentum (13% revenue growth, fourth consecutive positive DTC comps, doubled newness revenue, regional strength in North America and APAC, improved inventory turns and lower net debt) contrasted with significant margin pressure (450 bps adjusted EBIT margin decline) driven by SG&A increases, one-time charges and a product mix shift that reduced gross margin. Management provided a concrete plan to address store labor productivity, marketing efficiency, retail footprint optimization, gross-margin levers and pricing actions to target margin recovery in FY2027, but did not quantify the improvement. Given the meaningful operational issues in the quarter (notably margin compression) alongside clear growth momentum and remedial plans, the positives and negatives are largely balanced.Positive Updates
Strong Top-Line Growth
Revenue for Q3 FY2026 increased 13% year-over-year to CAD 695 million, driven by broad-based strength across channels and regions.
Negative Updates
Material Margin Compression
Adjusted EBIT margin declined by 450 basis points year-over-year to 29.3% in Q3, with adjusted EBIT of CAD 204 million, reflecting meaningful margin deterioration despite revenue growth.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Top-Line Growth
Revenue for Q3 FY2026 increased 13% year-over-year to CAD 695 million, driven by broad-based strength across channels and regions.
Read all positive updates
Company Guidance
Management guided to meaningful operating‑margin expansion beginning in fiscal 2027, driven by tighter store labor models (rolled out in APAC mid‑December and globally in January), improved marketing efficiency (intent to reduce marketing as a % of revenue and lower Q4 spend vs. last year), retail‑network optimization (new stores planned in fiscal ’27 but a full network review and optimization to be implemented in fiscal ’27), gross‑margin levers from sourcing/operations and planned price increases early in fiscal ’27, and continued broad‑based revenue growth. Those plans are anchored to Q3 results: revenue of $695M (+13% YoY) with DTC +13% (comps +6%), Wholesale +14%, North America +20%, APAC +12% and EMEA -3%; gross margin down 40 bps; SG&A $314M (45% of revenue, +450 bps, including $24M of discrete items and $13M of planned marketing); adjusted EBIT $204M (29.3%, -450 bps); adjusted net income $142M ($1.43/share); inventory $409M with turns 1.1x (+16%); and net debt $413M (down from $546M). Management said they will provide more fiscal‑2027 detail next quarter.Canada Goose Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
49
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46B | 1.35B | 1.22B | 1.10B | 903.70M | 958.10M |
| Gross Profit | 994.20M | 943.10M | 815.20M | 733.60M | 554.00M | 593.30M |
| EBITDA | 209.50M | 299.80M | 236.50M | 263.70M | 190.70M | 255.20M |
| Net Income | 21.50M | 94.80M | 72.70M | 94.60M | 70.30M | 148.00M |
Balance Sheet | ||||||
| Total Assets | 1.80B | 1.62B | 1.59B | 1.34B | 1.51B | 1.11B |
| Cash, Cash Equivalents and Short-Term Investments | 346.90M | 334.40M | 286.50M | 287.70M | 477.90M | 31.70M |
| Total Debt | 999.50M | 742.80M | 754.00M | 620.70M | 622.60M | 386.00M |
| Total Liabilities | 1.22B | 1.06B | 1.11B | 912.70M | 907.10M | 592.50M |
| Stockholders Equity | 565.40M | 541.20M | 469.50M | 427.90M | 600.10M | 520.20M |
Cash Flow | ||||||
| Free Cash Flow | 185.90M | 274.00M | 68.20M | 114.40M | 261.70M | 200.00K |
| Operating Cash Flow | 215.80M | 292.40M | 116.30M | 151.60M | 293.70M | 62.50M |
| Investing Cash Flow | -30.30M | -18.40M | -45.30M | -37.20M | -32.00M | -62.30M |
| Financing Cash Flow | -122.70M | -93.60M | -80.70M | -298.20M | 197.00M | -58.70M |
Canada Goose Holdings Technical Analysis
Neutral
14.61
Price Trends
15.90
Negative
17.08
Negative
17.54
Negative
Market Momentum
-0.30
Negative
45.47
Neutral
47.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOOS, the sentiment is Neutral. The current price of 14.61 is below the 20-day moving average (MA) of 14.92, below the 50-day MA of 15.90, and below the 200-day MA of 17.54, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 45.47 is Neutral, neither overbought nor oversold. The STOCH value of 47.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GOOS.
Canada Goose Holdings Risk Analysis
Canada Goose Holdings disclosed 49 risk factors in its most recent earnings report. Canada Goose Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Canada Goose Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$13.27B | 23.21 | 29.12% | ― | 26.51% | 172.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | C$13.91B | 23.55 | 20.31% | 1.47% | 6.64% | 27.37% | |
58 Neutral | C$1.42B | 3.20 | 4.23% | ― | 3.78% | -54.87% | |
55 Neutral | C$97.60M | 30.61 | -0.06% | ― | -1.95% | -102.54% | |
54 Neutral | C$156.86M | 14.11 | -21.42% | ― | 4.87% | -1195.39% | |
53 Neutral | C$7.45B | 25.78 | 54.95% | 0.86% | -5.14% | -87.15% |
* Consumer Cyclical Sector Average
TSE:GOOS
Canada Goose Holdings
14.61
4.82
49.23%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.