Canadian luxury brand Canada Goose has released its financial results for the fourth quarter and fiscal year 2026. Total sales rose by 13.3 percent year-on-year to 1.53 billion Canadian dollars (around 956 million euros). The development was driven in particular by strong direct business (DTC) and the expansion of product categories.
Looking ahead to the 2027 fiscal year, Canada Goose expects year-over-year sales growth in the low single-digit range. The company is also aiming for an adjusted EBIT margin in the range of eleven to twelve percent. Canada Goose Chairman and Chief Executive Officer (CEO) Dani Reiss said the priorities for the coming year are to further strengthen brand desirability and build a scalable product strategy across all seasons. The aim is to ensure sustainable margin expansion.
Fourth quarter performance and retail adjustments
In the fourth quarter, total sales rose 17.9 percent to 453.3 million Canadian dollars. On a constant currency basis, growth was 18.2 percent. Direct business was the most important growth driver and increased by 15.2 percent to 361.7 million Canadian dollars. This growth was supported by comparable DTC growth of ten percent. This marks the brand’s fifth consecutive quarter of positive growth.
Wholesale sales in the fourth quarter increased significantly by 54.4 percent to 49.1 million Canadian dollars. This increase was attributed to earlier deliveries of the Spring/Summer 2026 (SS26) collection as well as higher in-season reorders. Despite the sales growth, the company recorded an $8.4 million store impairment charge. This was done as part of a review of locations with weak performance. Reiss emphasized that the focus remains on improving channel productivity. Digital platforms and brick-and-mortar stores will be more closely interlinked in the future.
Financial overview for the full year
For the full fiscal year 2026, the group reported a DTC sales increase of 15.9 percent to 1.16 billion Canadian dollars. Comparable DTC sales growth was 8.4 percent.
Gross profit was $1.07 billion. The gross margin fell slightly from 69.9 percent in the previous year to 69.7 percent. Operating profit fell from $164.1 million to $88.8 million. This was influenced by strategic investments and one-off special effects.
The company ended the fiscal year with 88 permanent stores worldwide. Nine net new locations were opened in the reporting period.
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