Canada Goose caps fiscal 2026 with strong sales and profit rebound

Canada Goose Holdings (NYSE:GOOS) reported robust fourth-quarter and full-year results Thursday, exceeding growth expectations as the luxury parka maker successfully expanded its direct-to-consumer (DTC) footprint and improved retail productivity.

Despite a non-cash store impairment, the company’s focus on full-price sales and inventory management has left it with a strengthened balance sheet heading into the new fiscal year.

Canada Goose announced that revenue for the fourth quarter ended March 29, 2026, jumped 18% to reach the high end of its seasonal forecast.

For the full fiscal year 2026, total revenue climbed 13% on a reported basis, driven by a 10% increase in DTC comparable sales during the final quarter.

The growth was broad-based across geographic regions, particularly in Asia-Pacific and North America, where the brand’s newer lightweight categories and accessories have begun to offset the seasonality of its heavy outerwear.

Operating income and adjusted EBIT for the fourth quarter reached $65 million.

These figures reflect a strong underlying performance but were partially offset by an $8.4 million store impairment charge.

Management described the charge as a proactive move to "strengthen the performance of the retail network" by streamlining underperforming locations.

The company’s financial health showed significant improvement, with net debt declining 6% to $383 million.

Inventory levels remained well-positioned, a result of the company's "more returns-focused approach" and disciplined manufacturing, which avoided the oversupply issues that have recently plagued other luxury retailers.

Looking ahead, Canada Goose issued a conservative outlook for fiscal 2027, projecting revenue growth in the low-single digits.

However, the company is prioritizing profitability over volume, with an adjusted EBIT margin expected to range between 11% and 12%.