Home breadcru News breadcru Results/Reports breadcru Canada Goose sees strong FY25 finish, eyes continued growth in FY26

Canada Goose sees strong FY25 finish, eyes continued growth in FY26

23 May '25
3 min read
Canada Goose sees strong FY25 finish, eyes continued growth in FY26
Pic: RaspberryStudio / Shutterstock.com

Insights

  • Canada Goose Inc has reported FY25 revenue of $1.35 billion, up 1.1 per cent YoY, with DTC sales rising 5.1 per cent and wholesale down 16.5 per cent.
  • Net income rose to $94.8 million, and gross margin improved to 69.9 per cent.
  • In Q4, revenue climbed 7.4 per cent to $384.6 million, with net income at $27.1 million.
  • CEO Dani Reiss highlighted strong retail execution and momentum heading into FY26.
Canada Goose Holdings Inc has reported a total revenue of $1.35 billion in fiscal 2025, marking a 1.1 per cent year-over-year (YoY) increase, though down 1.1 per cent on a constant currency basis. Direct-to-consumer (DTC) revenue rose 5.1 per cent to $998.9 million, despite a 3.6 per cent decline in comparable sales.

The wholesale revenue fell 16.5 per cent, while other revenue grew 25.3 per cent to $88.7 million. The gross profit increased 2.8 per cent to $943.1 million, with gross margin improving to 69.9 per cent from 68.8 per cent.

The operating income rose to $164.1 million. The net income attributable to shareholders was $94.8 million or $0.97 per diluted share, up from $58.4 million or $0.57 per share. Adjusted EBIT was relatively flat at $171.4 million, while adjusted net income increased to $109.4 million or $1.12 per diluted share from $101 million or $0.99 per share a year earlier.

The selling, general and administrative (SG&A) expenses declined to $779 million, mainly due to the absence of prior year transformation programme costs, partially offset by higher marketing and retail network expenses. The operating income improved to $164.1 million from $124.5 million, Goose Inc said in a press release.

In the fourth quarter (Q4) of FY25, the company reported total revenue of $384.6 million, up 7.4 per cent YoY or 4 per cent on a constant currency basis.

DTC revenue surged 15.7 per cent to $314.1 million, driven by a 6.8 per cent growth in comparable sales and contributions from new stores. However, wholesale revenue declined 23.2 per cent to $31.8 million due to a reduced order book in Europe, Middle East, and Africa (EMEA) and shipment timing, while other revenue fell 14.2 per cent to $38.7 million.

In Q4, the gross profit rose 17.8 per cent to $274.4 million, with gross margin expanding to 71.3 per cent from 65.1 per cent, largely due to lower inventory provisioning and a greater share of DTC sales.

The operating income more than doubled to $55.1 million from $23.1 million, while net income attributable to shareholders rose to $27.1 million, or $0.28 per diluted share, up from $5 million or $0.05 per share. Adjusted EBIT increased to $59.7 million, and adjusted net income rose to $32 million, or $0.33 per diluted share, compared to $19.3 million or $0.19 per share in the previous year.

“Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark. We saw solid DTC comparable sales growth, fuelled by compelling storytelling, sharp retail execution, and the continued momentum around our Snow Goose capsule. As we close out fiscal 2025, we are making clear strides across our key priorities—enhancing retail execution, elevating our brand and product offering, and delivering it all, efficiently,” said Dani Reiss, Chairman and CEO, Canada Goose.

The success we saw in fiscal 2025 sets a strong foundation for where we are headed. In fiscal 2026, we will continue to execute bolder marketing initiatives, expand and enhance our product offering and elevate consumer experience—all of which drove our momentum last year. These priorities are focused, proven, and designed to keep driving long-term growth,” added Reiss.

ALCHEMPro News Desk (SG)

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