Canada Goose shares rose nearly 20% on Wednesday after the company reported better-than-expected earnings for its fiscal fourth quarter. However, it decided not to provide financial guidance for fiscal 2026 because of global economic uncertainty and unpredictable consumer spending patterns.
The luxury clothing brand said that even without the forecast, it still believes strongly in its brand, financial health, and flexibility to adapt.
Fourth-Quarter Results vs Expectations:
Adjusted earnings per share: 33 Canadian cents (expected: 23 cents)
Revenue: CA$384.6 million (expected: CA$356.4 million)
Revenue growth: 7.4% compared to the same period last year
Chief Operating Officer Beth Clymer told investors that 75% of their products are made in Canada and almost all meet the requirements of the United States-Mexico-Canada Agreement. This means most of their goods are not affected by U.S. tariffs. While some items made in Europe may face higher tariffs, the company says this will not have a major financial impact.
CEO Dani Reiss also emphasized that Canada Goose has handled tough times before—like during the 2008 financial crisis and the COVID-19 pandemic—and has always bounced back stronger.
Although direct tariff costs are not expected to impact 2026 plans, CFO Neil Bowden warned that the broader global trade environment adds uncertainty, especially since the company’s peak sales seasons are still ahead.
Other Financial Highlights:
Net income: CA$27.1 million (up from CA$5 million last year)
Diluted earnings per share: 28 Canadian cents (up from 5 cents last year)
Adjusted earnings excluded special costs, like office changes and joint ventures.
Earlier this year, Canada Goose stock had dropped about 14%, reaching a record low after Barclays downgraded the stock and lowered its price target. This reflects a wider trend in the luxury fashion sector, with other brands like LVMH, Burberry, and Kering also reporting weaker sales.
Canada Goose is known for its high-end winter coats, but it’s been working to grow beyond winter wear. New product lines include rain jackets, summer clothes, and eyewear. The company recently launched an eyewear collection online using AI-based virtual try-on tools, calling it a key step in their effort to make the brand relevant year-round.