Stock Track | Canada Goose Shares Plunge 6.43% Pre-Market on Q2 Revenue Miss

Stock Track11-06

Shares of Canada Goose Holdings (GOOS) tumbled 6.43% in pre-market trading on Thursday following the company's disappointing second-quarter earnings report. The luxury apparel maker posted revenue that fell short of analyst expectations, sparking concerns about its growth prospects.

For the fiscal second quarter of 2026, Canada Goose reported revenue of C$272.6 million, representing a modest 1.8% year-over-year increase. However, this figure missed the average analyst estimate of C$279.3 million. The company's direct-to-consumer (DTC) revenue saw a notable increase of 21.8%, driven by comparable sales growth and new store openings. Despite this positive trend in DTC sales, it wasn't enough to offset weaknesses in other segments.

Adding to investor concerns, Canada Goose reported a net loss of C$15.2 million for the quarter, compared to a profit in the same period last year. The company did not provide specific financial guidance for future periods, which may have contributed to the market's negative reaction. As luxury brands face economic uncertainties and changing consumer behaviors, Canada Goose's performance suggests it may be struggling to maintain its growth trajectory in the competitive high-end apparel market.

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