Shares Canadian Goose It rose more than 20% on Wednesday after the company reported fourth-quarter earnings, beating analyst estimates despite “macroeconomic uncertainty.”
The luxury retailer said it would not offer financial outlook for fiscal 2026 due to uncertainty, citing “a dynamic consumer spending model brought about by an unpredictable global trade environment.”
Nevertheless, Canada Goose said it “still confident in the strength of the brand, the company’s stable financial situation and its ability to adapt to changing conditions.”
According to an LSEG survey of analysts, the company reported this in its Fiscal Year 4 report:
- Earnings per share: 33 Canadian cents adjusted with expected 23 Canadian cents
- income: CA $384.6 million ($277.1 million), CA $356.4 million is expected
In a call with investors, Canada Goose Chief Operating Officer Beth Clymer said 75% of Canada Goose is made in Canada and “almost all” compliant with the U.S.-Mexico-Canada agreement, meaning they are currently exempt from President Donald Trump’s tariffs. The rest, mainly from Europe, faced increased tariffs, but they had the least financial impact, she said.
CEO Dani Reiss responded to this view, adding that the “overwhelming majority” of retailers are currently not affected by tariffs.
“This is not the first time we have successfully navigated uncertainty. Before passing Covid in 2008, we had challenging times and each time we were stronger.”
CFO Neil Bowden added that tariffs are not direct material for the 2026 fiscal plan, but rather “the indirect impact of these actions on the global economy and the changing landscape brings us greater uncertainty,” said Neil Bowden, chief financial officer.
Canada Goose’s revenue increased by 7.4% over the same period last year.
Net income for shareholders for the fourth quarter ended March 30 was CAD 27.1 million, or 28 cents per diluted Canadian share, while shareholders could be attributed to CAD 5 million, or 5 million cents per diluted stock for the previous year.
The company’s adjusted EPS figure does not include one-time items, including expenses for office transitions, joint ventures and other investments.
The company’s stock has fallen nearly 14% so far by the end of Tuesday, a record low last month after Barclays analysts lowered the stock and lowered its target target.
The luxury industry is showing signs of weakness, and major players like it LVHMBurberry and Gucci owners dry Reported slowdown in sales this quarter.
Known for its luxury parka and puffer jackets, it can retail for over $1,000, attempting to expand into the non-winter category by offering products like rain jackets and warm clothing.
The company’s first online product launch was launched in the fourth quarter, and its glasses series is a virtual trial tool powered by artificial intelligence. The retailer called the launch a “key milestone” in its “product category expansion journey” and part of a bigger push to strengthen the brand’s year-round relevance.