Q1 2027 Canada Goose Holdings Inc Earnings Call Transcript
Key Points
- Adjusted EBIT margin expanded over 10 percentage points year-over-year, marking the strongest first-quarter margin since fiscal 2020.
- Revenue grew 9% year-over-year, driven by strong demand for lifestyle products like apparel, rainwear, and windwear.
- Wholesale revenue surged 65% year-over-year, reflecting strong partner confidence and demand for expanded product assortment.
- Gross margin expanded by 100 basis points to 62.4%, supported by favorable channel and regional mix and positive pricing.
- E-commerce delivered double-digit growth across all regions, with strong customer acquisition and improved conversion rates.
- D2C comparable sales declined 3% year-over-year due to softer store traffic, particularly in EMEA and the US.
- Store traffic remained lower than desired, reflecting a soft macro environment and reduced international travel.
- EMEA revenue declined 7% year-over-year, with challenging macro conditions weighing on store sales and conversion.
- Inventory increased 11% year-over-year, driven by expanded product assortment and building stock for anticipated demand.
- Net debt rose to $628 million from $542 million a year ago, reflecting an increase in store lease liabilities.
Hello everyone.
Thank you for joining us and welcome to the Canada Goose first quarter 2027 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Anna Raman. Anna, please go ahead.
Good morning, everyone, and thank you for joining us today on the Canada Goose Q1 Fiscal 2027 Earnings Call.
Today, you'll hear from Danny Reese, our Chairman and CEO, Neil Bowden, Chief Financial Officer, Kerry Baker, President of Brand and Commercial, and Beth Clymer, President and 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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