The Canadian clothing supplier Canada Goose Holdings Inc. increased its sales significantly in the third quarter of the 2025/26 financial year, not least thanks to significant growth in the USA and China. However, the profit fell short of the previous year’s level. In addition to the current results, which were overall above market expectations, the down jacket specialist from Toronto also announced on Thursday that it was filling a key position.
In the third quarter ended December 28, Canada Goose reported sales of 694.5 million Canadian dollars (430.3 million euros). This corresponded to an increase of 14.2 percent compared to the same period last year. Adjusted for exchange rate changes, revenue increased by 13.2 percent.
In its own retail sector, sales grew by 14.1 percent (currency-adjusted +13.2 percent) to 591.0 million Canadian dollars due to increasing demand in the Asia-Pacific region and North America. In the wholesale business, the company achieved an increase of 16.6 percent (currency-adjusted +13.9 percent) to 88.3 million Canadian dollars.
Patrick Bourke is now leading the business in North America
Overall, revenue in North America rose by 20.0 percent (currency-adjusted +20.2 percent) to 303.1 million Canadian dollars, which was primarily due to strong growth in the USA (+23.3 percent). In Greater China, sales increased by 13.1 percent (currency-adjusted +13.2 percent) to 248.3 million Canadian dollars, in the remaining markets of the Asia-Pacific region they grew by 4.7 percent (currency-adjusted +6.3 percent) to 53.3 million Canadian dollars.
In the EMEA region, which includes Europe, the Middle East, Africa and Latin America, revenue increased by 5.0 percent to 89.8 million Canadian dollars, although adjusted for currency effects they fell by 3.3 percent.
Despite the significant sales growth, the operating result fell by 2.0 percent to 200.2 million Canadian dollars. The reasons for this were a lower gross margin, higher operating and marketing expenses and negative special effects. Net profit attributable to shareholders decreased by 3.5 percent to 134.8 million Canadian dollars (83.5 million euros).
Canada Goose also announced the promotion of Patrick Bourke to President, North America. Bourke, who has been with the company for almost ten years and held various management positions during this time, will immediately lead the North American business, according to a statement. In his new role, he is now responsible for the development of the brand, the retail and wholesale business as well as deepening the relationship with customers in the region.
