Canada Goose Holdings Inc. announced Thursday its financial results for the third quarter of fiscal 2026 ended December 28, 2025 as well as appointing Patrick Bourke as President, North America.
“Our third‑quarter results underscore the strength of our global brand and top‑line engine, with broad‑based revenue growth and continued momentum across key regions and channels,” said Dani Reiss, Chairman and CEO of Canada Goose. “Our peak selling period reflected sharper execution — higher quality traffic driven by integrated global campaigns, strong consumer response to our expanded year‑round assortment, and robust performance across both retail and e-commerce.”
“Margins this quarter reflected deliberate choices we made to expand product relevance and fuel brand momentum. Our focus now is converting this demand into stronger profitability. In recent years we have driven real overhead efficiency in our business, and now we are bringing the same focus to channel level SG&A discipline and marketing efficiency. These actions will position us to expand margins in the years ahead.”
Third Quarter Fiscal 2026 Business Highlights
The retailer said its third quarter results reflect traction from its focused investment program:
- Launched Fall/Winter 2025 New Heirlooms and Snow Goose campaigns, which strengthened brand momentum, increased repeat customer purchases, and elevated cultural relevance. The campaigns balanced fresh creative expression, showcasing its durable outerwear assortment crafted with enduring materials, reflecting its heritage of quality and craftsmanship.
- Strengthened its retail presence in key markets with four new store openings, bringing its total permanent store count to 81. It showcased a new store design concept in its relocated Milan store, strategically positioned among luxury adjacencies driving brand elevation.
- Expanded its year-round assortment which is broadening customer appeal, with newness driving strong engagement and accelerating unit sales growth across down-filled outerwear and non down-filled outerwear categories.
Third Quarter Financial Highlights
- Total revenue increased 14.2% to $694.5 million, up 13.2% on a constant currency basis .
- DTC revenue increased 14.1% to $591.0 million, or up 13.2% on a constant currency basis led by strong retail and e-commerce performance in Asia Pacific and North America. DTC comparable sales increased 6.3%.
- Wholesale revenue increased 16.6% to $88.3 million, or 13.9% on a constant currency basis primarily due to timing of shipments to partners, with delayed deliveries from the prior quarter fulfilled in the current quarter.
- Other revenue increased 5.6% to $15.2 million, or 10.4% on a constant currency basis due to higher employee sales.
- Gross profit increased 13.7% to $513.8 million due to higher revenue. Gross margin for the quarter was 74.0% compared to 74.4% in the third quarter of fiscal 2025, primarily due to product mix.
- Selling, general and administrative (SG&A) expenses were $313.6 million, compared to $247.7 million in the prior year period. The increase in SG&A was primarily driven by a one-time bad-debt provision related to a U.S. wholesale partner, run-rate costs associated with the expansion and operation of the global retail network, higher marketing investments, and a foreign exchange gain in fiscal 2025 that did not recur in fiscal 2026.
- Operating Income was $200.2 million, compared to operating income of $204.3 million in the prior year period.
- Net income attributable to shareholders was $134.8 million, or $1.36 per diluted share, compared with a net income attributable to shareholders of $139.7 million, or $1.42 per diluted share in the prior year period.
- Adjusted EBIT was $203.7 million, compared to $205.2 million in the prior year period. Adjusted EBIT margin was 29.3%, compared to 33.8% in the prior year period.
- Adjusted net income attributable to shareholders was $142.3 million, or $1.43 per diluted share, compared with an adjusted net income attributed to shareholders of $148.3 million, or $1.51 per diluted share in the prior year period.
The appointment of Bourke is effective today and he will oversee the brand’s North American business with responsibility for driving brand momentum, strengthening retail and wholesale execution, and deepening consumer connections across the region. He will partner closely with the global leadership team to advance the company’s operating imperatives, with a focus on brand heat, strategic channel expansion, and operating with pace and accountability.
“Patrick is an action‑oriented, high‑energy leader with a strong track record of delivering results,” said Reiss. “He brings deep strategic expertise, commercial acumen, operational rigor, and a collaborative leadership style. Patrick has helped shape and accelerate important revenue growth and profit margin expansion initiatives for our company, and I’m confident he will continue to build momentum across North America.”
Bourke brings a proven commercial track record, having led Investor Relations, Strategy, Business Development, Indirect Procurement and Go-To-Market over his nearly 10 years at Canada Goose. He has strengthened the company’s partner ecosystem, advanced key strategic relationships, and supported the company’s global expansion. He is also known as a disciplined cost‑management leader, driving meaningful savings through supplier optimization and spend governance. In parallel, he has worked cross‑functionally to accelerate go‑to‑market timelines and simplify processes to better support our evolving product strategy, explained the company.
“Canada Goose is an exceptional brand with a strong foundation and an incredibly talented team,” said Bourke. “Stepping into this role, my focus is on working closely across the region to drive meaningful growth and ensure we’re delivering the kind of experiences our consumers expect from us — sharp, agile, and truly best‑in‑class.”
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