Canada Goose Holdings Inc · Q3 2026 earnings

Briefing

Canada Goose Q3 FY26: revenue +14% to $695M, DTC comps +6.3% as margins reflect investment choices

Canada Goose Holdings reported third quarter fiscal 2026 results for the period ended December 28, 2025, with total revenue increasing 14.2% to $694.5 million (13.2% constant currency), marking four consecutive quarters of positive DTC comparable sales growth. Direct-to-consumer revenue rose 14.1% to $591.0 million with DTC comparable sales up 6.3%, led by Asia Pacific and North America. Operating income was $200.2 million versus $204.3 million prior year; net income attributable to shareholders was $134.8 million, or $1.36 per diluted share. Adjusted EBIT was $203.7 million with a 29.3% margin. CEO Dani Reiss said margins reflected deliberate investments in product relevance and brand momentum, with focus now on converting demand into stronger profitability.

• Total revenue grew 14.2% to $694.5M; DTC revenue rose 14.1% to $591.0M with DTC comparable sales up 6.3%, the fourth straight quarter of positive comps.
• Wholesale revenue increased 16.6% to $88.3M on timing of partner shipments; gross margin was 74.0% vs 74.4% prior year on product mix.
• Operating income was $200.2M; net income attributable to shareholders $134.8M ($1.36 diluted EPS); adjusted net income $142.3M ($1.43 per diluted share).
• Opened four new stores in the quarter, bringing permanent store count to 81; Fall/Winter 2025 campaigns drove repeat purchases and cultural relevance.
• Net debt fell to $413.0M from $546.4M a year ago on working capital discipline and operating cash generation; inventory flat YoY at $408.7M.

Headline financials

Revenue & EPS history

Management emphasized converting recent demand momentum into margin expansion through channel-level SG&A discipline and marketing efficiency, building on prior overhead reductions.