Q1 2026 Canada Goose Holdings Inc Earnings Call Transcript
Key Points
- Revenue for the first quarter increased by 22% year-over-year, indicating strong growth momentum.
- Direct-to-consumer (DTC) sales showed a 15% comparable sales growth, marking seven consecutive months of positive comps.
- The company achieved a 9% reduction in scope 1 emissions and a 25% reduction in scope 3 emissions, highlighting its commitment to sustainability.
- Canada Goose Holdings Inc (GOOS) reported strong performance in North America and Mainland China, which are key markets for the company.
- The introduction of new products, such as the Emersen T-shirt and Beckley Polo, contributed to the fastest-growing category in Q1, showcasing successful product innovation.
- SG&A expenses increased by 50% year-over-year, including a one-time charge of CAD44 million related to an arbitration award.
- Adjusted EBIT was a loss of CAD106 million for the quarter, which increased from a loss of CAD96 million in the previous year.
- Revenue in the EMEA region was down slightly year-over-year due to a planned decline in Wholesale revenue.
- The company is facing macroeconomic challenges, particularly in Japan, which tempered growth in the APAC region.
- Despite strong performance, the company remains cautious about the evolving trade environment and potential new US tariffs on Canadian goods.
Hello and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Canada Goose quarter one fiscal year '26 earnings call. (Operator Instructions)
I would now like to turn the call over to Neil Bowden, Chief Financial Officer. Neil, please go ahead.
Good morning, everyone. With me today are Dani Reiss, our Chairman and CEO; Carrie Baker, President of Brand and Commercial; and Beth Clymer, President, Chief Operating Officer. For today's call, Dani and I will start with prepared remarks, and then the four of us will take questions as usual.
Today's presentation will contain forward-looking statements that are based on assumptions and, therefore, subject to risks and uncertainties that could cause actual results to differ materially from those projected. We undertake no obligation to update these statements except as required by law. You can read about these assumptions, risks, and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
