Canada's Canada Goose Q1 revenue rises 10%, beats estimates
GOOS•Key operating drivers
- Wholesale growth - Wholesale revenue rose 66.5%, driven by a larger planned wholesale order book, stronger in-season orders and shipment timing.
- E-commerce strength - Double-digit e-commerce growth across all regions partially offset a 3.2% decline in DTC comparable sales.
- Gross margin expansion - Gross margin rose to 62.4% from 61.4% due to favorable channel and region mix.
Outlook for fiscal 2027
Canada Goose expects fiscal 2027 revenue to grow by approximately low-single digits.
The company sees fiscal 2027 adjusted EBIT margin in the range of 11% to 12%.
It said it anticipates lower consumer demand, softer traffic and reduced confidence in key markets.
Reported figures and analyst view
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q1 Revenue | C$118.90 mln | C$108.76 mln (8 Analysts) |
| Q1 Adjusted Loss Per Share | C$0.89 | |
| Q1 Loss Per Share | C$0.93 | |
| Q1 Adjusted Net Loss | C$86.50 mln | |
| Q1 Gross Margin | 62.40% |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell".
