Canada Goose Holdings Inc. has reported strong financial results for the fourth quarter and full fiscal year ended March 30, 2025, highlighting gains in direct-to-consumer (DTC) sales, strategic retail expansion, and brand elevation efforts.
“Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark,” said Dani Reiss, Chairman and CEO of Canada Goose. “We saw solid DTC comparable sales growth, fuelled by compelling storytelling, sharp retail execution, and the continued momentum around our Snow Goose capsule.”
Total revenue for the fourth quarter increased 7.4% to $384.6 million, driven primarily by DTC revenue growth of 15.7% to $314.1 million. Gross profit rose 17.8% to $274.4 million, with a gross margin of 71.3%, up from 65.1% in the prior year period. Operating income reached $55.1 million, more than double the $23.1 million recorded in Q4 2024. Net income attributable to shareholders was $27.1 million, or $0.28 per diluted share.
For the full fiscal year 2025, revenue increased 1.1% to $1.35 billion, with DTC revenue up 5.1% to $998.9 million. Gross profit grew 2.8% to $943.1 million, with a gross margin of 69.9%. Net income attributable to shareholders was $94.8 million, or $0.97 per diluted share, compared to $58.4 million, or $0.57 per diluted share, the previous year.
Throughout the year, the company continued executing against its key priorities: enhancing luxury retail execution, evolving the brand and product offering, and simplifying internal operations.
“We are making clear strides across our key priorities – enhancing retail execution, elevating our brand and product offering, and delivering it all, efficiently,” said Reiss.
On the retail front, Canada Goose converted two temporary locations into permanent stores and opened four new permanent stores, ending fiscal 2025 with 74 stores globally. Improved staff training, product availability, and store optimization contributed to higher conversion in comparable retail locations.
The company also made significant strides in marketing and brand positioning. The Snow Goose capsule, launched under new Creative Director Haider Ackermann, “reimagined our heritage while staying true to our performance roots,” noted Reiss. “Since its November launch, the campaign drove significant brand momentum across all regions establishing a foundation for our elevated marketing approach.”
Other brand milestones included a successful Lunar New Year campaign, in-store activations with key wholesale partners in EMEA, and the launch of Canada Goose Eyewear—its first online-exclusive product release.
Internally, operational efficiency was a focus, with inventory levels reduced by 14% year-over-year—marking six consecutive quarters of improvement.
Looking ahead to fiscal 2026, Canada Goose plans to build on the momentum achieved, with strategic marketing investments, expanded product offerings, and enhanced retail execution at the core of its strategy.
“The success we saw in fiscal 2025 sets a strong foundation for where we are headed,” said Reiss. “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.”
Despite ongoing macroeconomic uncertainty, the company is not providing financial guidance for fiscal 2026. However, management expressed confidence in the brand’s positioning, operational resilience, and future growth potential.
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