Canada Goose's Q1 FY26 revenue climbs 22.4% YoY, but loss widens
The company strengthened its presence in key markets, including two temporary store conversions, bringing the total permanent store count to 76, Canada Goose said in a press release.
Canada Goose has reported a 22.4 per cent YoY revenue rise to CA$107.8 million (~$77.6 million) in Q1 FY26, driven by strong DTC performance. Gross profit rose 25.9 per cent, but net loss widened to CA$125.2 million due to a one-time arbitration settlement and increased investments. The company expanded its retail presence, launched new collections, and achieved notable sustainability milestones.
The wholesale revenue of the company increased by 11.9 per cent to CA$17.9 million, while other revenue, including Friends & Family events, surged 31.1 per cent to CA$11.8 million. Gross profit climbed 25.9 per cent to CA$66.2 million, with gross margin improving to 61.4 per cent, aided by higher-margin output from the company's European knitwear facility.
Despite these gains, the company reported a net loss attributable to shareholders of CA$125.2 million, or CA$1.29 per share, compared to CA$77.4 million, or CA$0.80 per share, in the same quarter last year.
The operating loss widened to CA$158.7 million, impacted by a one-time arbitration settlement of CA$43.8 million and increased investment in retail expansion, marketing, and product design.
Adjusted EBIT stood at CA$106.4 million in the red, while adjusted net loss reached CA$88.2 million, or CA$0.91 per share.
Canada Goose also launched its Spring-Summer 2025 collection and second Snow Goose capsule, introduced a revamped store concept in Amsterdam, and reported significant progress on sustainability, including a 9 per cent reduction in Scope 1 and 25 per cent in Scope 3 emissions.
'We're off to a strong start, brand heat is rising, and our DTC performance is delivering,' said Dani Reiss, chairman and chief executive officer (CEO) at Canada Goose . 'We're executing with precision, from bold storytelling to smarter retail moves, and it's showing up in results. I'm optimistic about the momentum we continue to see as we deliver more relevant product and run a tighter, more focused business.'
Fibre2Fashion News Desk (SG)
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