Q3 2026 Canada Goose Holdings Inc Earnings Call Transcript
Key Points
- Canada Goose Holdings Inc (GOOS) reported a 13% year-over-year increase in revenue for the third quarter, driven by strong growth in both direct-to-consumer (D2C) and wholesale channels.
- The company achieved its fourth consecutive quarter of positive comparable sales growth in its D2C business, indicating successful strategic investments.
- North America and Asia Pacific regions delivered double-digit growth, with particularly strong performance in mainland China.
- The expanded year-round product assortment, including lighter weight styles and new fabrics, resonated well with consumers, contributing to revenue growth.
- Marketing investments have successfully increased brand visibility and cultural relevance, leading to higher quality traffic and improved conversion rates.
- Adjusted EBIT margin contracted significantly, highlighting challenges in maintaining profitability despite revenue growth.
- SG&A expenses grew ahead of revenue, with labor costs running above productivity, indicating inefficiencies in cost management.
- A $15 million one-time bad debt provision related to a US wholesale partner negatively impacted SG&A expenses.
- Gross margin declined by 40 basis points year-over-year, primarily due to a shift in product mix towards non-downfilled outerwear.
- The UK market experienced continued softness, affecting overall performance in the EMEA region.
Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the Canada Goose third quarter fiscal year 2026 earnings conference call. (Operator Instructions)
Thank you. I would now like to turn the conference over to Ana Raman, Vice President Investor relations. Anna, you may begin.
:
Good morning, everyone, and thank you for joining us today on the Canada Goose Q3 fiscal 2026 earnings call. Today, you'll hear from Danny Reese, our Chairman and CEO, Neil Bowden, Chief Financial Officer, Carrie Baker, President of Brand and commercial, and Beth Klemer, President, Chief Operating Officer. We'll start with prepared remarks from Danny and Neil, and then open up the call for 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
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