Canada Goose Q2 Revenue Growth Less Than Expected

Reuters11-06

Overview

  • Canada Goose Q2 fiscal 2026 revenue rose 1.8% but missed analyst expectations

  • DTC revenue increased 21.8% driven by comparable sales growth and new store openings

  • Company reported a net loss of C$15.2 mln, compared to net income last year

  • Canada Goose renews normal course issuer bid to repurchase up to 10% of public float

Outlook

  • Company did not provide specific financial guidance for future periods

Result Drivers

  • DTC GROWTH - DTC revenue increased 21.8% driven by improved execution, in-season product newness, and consistent marketing

  • BRAND PARTNERSHIPS - Strategic partnerships, including collaboration with NBA MVP Shai Gilgeous-Alexander, enhanced global brand resonance

  • STORE EXPANSION - Store footprint expanded with new openings and relocations, including a flagship store on the Champs-Élysées

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Miss

C$272.60 mln

C$279.30 mln (8 Analysts)

Q2 Adjusted EPS

-C$0.14

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • Wall Street's median 12-month price target for Canada Goose Holdings Inc is C$20.00, about 0.3% above its November 5 closing price of C$19.94

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

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