Canada Goose reported third-quarter earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.14 and down from $1.10 a year ago. The shortfall reflects higher marketing expenses and a one-time bad-debt provision related to a U.S. wholesale partner. Investors will note that this marks a sequential decline in profitability compared with the prior fiscal quarter, underscoring near-term margin pressure despite resilient revenue trends.

In the quarter ended December 28, 2025, total revenue rose 14.2% year-over-year to C$694.5 million (13.2% on a constant currency basis), driven by a 14.1% increase in direct-to-consumer sales to C$591.0 million and a 16.6% jump in wholesale revenue to C$88.3 million. Gross profit grew 13.7% to C$513.8 million, though gross margin dipped slightly to 74.0% from 74.4% a year earlier due to product mix shifts. SG&A expenses climbed to C$313.6 million from C$247.7 million, reflecting elevated marketing investments, expanded retail network costs, and the one-time bad-debt charge. Operating income was C$200.2 million versus C$204.3 million last year, while net income attributable to shareholders fell to C$134.8 million (C$1.36 per diluted share) from C$139.7 million (C$1.42). Adjusted EBIT margin narrowed to 29.3% from 33.8%.

Inventory remained stable at C$408.7 million year-over-year, reflecting effective stock management during peak selling season. Canada Goose reduced net debt to C$413.0 million from C$546.4 million a year prior, benefiting from disciplined working-capital initiatives and operating-cash flow generation. This improvement provides the company with greater financial flexibility to invest in product innovation and global expansion.

Effective February 5, 2026, Canada Goose appointed Patrick Bourke as President, North America. Bourke will lead regional strategy, aiming to drive brand momentum through enhanced retail and wholesale execution and deeper consumer engagement. He brings nearly a decade of experience at Canada Goose in investor relations, strategy, business development and go-to-market functions, and has a track record of delivering cost savings and accelerating revenue growth. CEO Dani Reiss highlighted Bourke’s operational rigor and collaborative style as key to advancing the company’s strategic priorities in its largest market.