Q2 2026 Canada Goose Holdings Inc Earnings Call Transcript
Key Points
- Direct to consumer comparable sales grew 10% year over year, with positive comps in all regions, particularly in the United States and China.
- Revenue from new styles as a percentage of total revenue more than doubled year over year, indicating successful product diversification.
- Store conversion rates have increased year over year in every region for the third consecutive quarter, showcasing effective retail execution.
- The company successfully amended its term loan, extending the maturity until 2032, solidifying its capital structure.
- Inventory was down 3% from last year, reflecting stronger consumer demand and tighter inventory management.
- Revenue for the quarter was slightly down year over year and flat through the first half, indicating challenges in maintaining growth.
- Adjusted EBIT was a loss of $14 million for the quarter, a decrease from a profit of $3 million in the same quarter last year.
- SG&A expenses increased by 16% year over year, reflecting planned investments that pressured margins.
- Revenue in the EMEA region was down 7% year over year, with a challenging consumer environment in the UK.
- The company's adjusted net loss attributable to shareholders was $13 million, compared to a profit of $5 million in the same quarter last year.
Thank you for standing by. My name is Amy, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Canada Goose Inc. second quarter fiscal 2026 earnings call.
(Operator Instructions)
It is now my pleasure to turn the call over to Neil Bowden, Chief Financial Officer. You may begin.
Good morning everyone and thank you for joining us on the Canada Goose Q2 fiscal '26 earnings call. Today you'll hear from myself, Dani Reiss, our Chairman and CEO, Carrie Baker, President of Brand and Commercial; and Beth Clymer, President, Chief Operating Officer. We'll start with prepared remarks and then answer the questions.
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.
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