Want to see TSE:GOOS full AI Analyst Report?
Top Page
Canada Goose Holdings
(TSX:GOOS)
Select Model
Select Model
Rating:54Neutral
Price Target:
C$11.00
▼(-2.05% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakened profitability and elevated leverage despite strong top-line momentum and still-positive cash generation. Technical indicators are bearish with the stock trading below major moving averages, adding near-term risk. Valuation is middling (P/E ~20.6) without a dividend cushion, while the latest earnings call was moderately supportive due to reiterated FY2027 margin guidance and improving gross margin/wholesale trends, tempered by ongoing losses and higher net debt.
Positive Factors
Strong Revenue Rebound and Premium Gross Margin
The strong revenue rebound confirms renewed demand for Canada Goose products, while a roughly 65% gross margin supports the economics of its premium-brand model. Together, these factors provide a foundation for reinvestment and potential operating leverage as sales scale.
Negative Factors
Profitability Remains Materially Compressed
Very low trailing margins and the latest large adjusted loss show that revenue growth is not yet translating into resilient earnings. Continued marketing and operating investment may delay recovery, leaving less internal funding for expansion and greater sensitivity to execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Rebound and Premium Gross Margin
The strong revenue rebound confirms renewed demand for Canada Goose products, while a roughly 65% gross margin supports the economics of its premium-brand model. Together, these factors provide a foundation for reinvestment and potential operating leverage as sales scale.
Read all positive factors
Canada Goose Holdings (GOOS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.03B
Dividend YieldN/A
Average Volume (3M)296.23K
Price to Earnings (P/E)18.6
Beta (1Y)1.33
Revenue Growth12.26%
EPS Growth20.96%
CountryCA
Employees4,462
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.59
Shares Outstanding46,656,532
10 Day Avg. Volume322,806
30 Day Avg. Volume296,225
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)2.44
Price to Sales (P/S)0.97
P/FCF Ratio9.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.87Price Target Upside14.60% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)1.05
Revenue Forecast (FY)C$1.58B
Canada Goose Holdings Business Overview & Revenue Model
Company Description
Canada Goose Holdings Inc. is a global purveyor of high-end performance outerwear and clothing, serving a diverse clientele from infants to adults. Its meticulously crafted luxury apparel is distributed across Canada, the United States, the Asia P...
How the Company Makes Money
Canada Goose primarily makes money by selling branded apparel and accessories at premium price points through two main channels: (1) Direct-to-consumer (DTC) and (2) wholesale. In its DTC business, the company generates revenue through sales made ...
Canada Goose Holdings Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presented multiple tangible positives: mid‑single‑digit organic revenue growth, strong wholesale momentum (+65% YoY), meaningful gross margin expansion (+100 bps), a >10 percentage point improvement in adjusted EBIT margin, expansion of non‑down categories to ~40% of revenue, and operational investments (logistics, e‑commerce, AI). These gains were balanced against persistent challenges including soft store traffic and negative DTC comparable sales (‑3% YoY), an ongoing adjusted net loss ($87M), rising net debt ($628M), regional softness in EMEA (‑7% revenue) and potential tariff risks. Overall, the highlights (broad revenue diversification, margin improvement, wholesale strength and inventory positioning) materially outweighed the lowlights, which are being addressed through targeted investments and marketing cadence.Positive Updates
Revenue Growth and Mix Expansion
Q1 revenue of $119 million, up 9% year‑over‑year (constant currency); excluding 'other' revenue, total revenue increased 16% YoY. Apparel, rainwear and windwear accounted for nearly 40% of Q1 revenue (up from ~5% in FY22 and 15% in FY26), demonstrating meaningful progress in year‑round product diversification.
Negative Updates
Store Traffic Weakness and Comparable Sales Declines
DTC comparable sales declined 3% YoY in Q1 (DTC comp -1% in North America), with softer store traffic particularly in EMEA and the U.S., attributed to a softer macro environment and lower international travel; management is increasing marketing to address traffic.
Read all updates
Q1-2027 Updates
Positive
Negative
Revenue Growth and Mix Expansion
Q1 revenue of $119 million, up 9% year‑over‑year (constant currency); excluding 'other' revenue, total revenue increased 16% YoY. Apparel, rainwear and windwear accounted for nearly 40% of Q1 revenue (up from ~5% in FY22 and 15% in FY26), demonstrating meaningful progress in year‑round product diversification.
Read all positive updates
Company Guidance
Management reiterated they remain on track to deliver fiscal 2027 guidance, targeting operating (adjusted EBIT) margin in the 11–12% range, while warning first‑half margins will be modestly pressured by a Q2 marketing step‑up and investments/upgrades to EMEA logistics and e‑commerce (largely to be completed in H1); Q1 metrics underpinning the outlook included revenue of $119M (+9% YoY; +16% ex‑other revenue), gross margin 62.4% (+100 bps), adjusted EBIT loss $104M (margin –87% vs –99% LY), adjusted net loss $87M or $0.89/sh, DTC revenue +7% (DTC comps –3%; U.S. comps –1%), wholesale +65%, apparel/rain/wind ≈40% of Q1 revenue, inventory $490M (+11%; turns 1.0x, +11% YoY), net debt $628M (vs $542M), a 50‑bp reduction in term‑loan spread, and the caution that a proposed U.S. tariff could, if implemented without mitigation, impact FY27 operating margin by less than 200 basis points.Canada Goose Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.54B | 1.53B | 1.35B | 1.33B | 1.22B | 1.10B |
| Gross Profit | 974.80M | 934.00M | 943.10M | 917.40M | 815.20M | 733.60M |
| EBITDA | 281.40M | 224.70M | 299.80M | 244.30M | 236.50M | 263.70M |
| Net Income | 56.90M | 22.50M | 94.80M | 58.40M | 72.70M | 94.60M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.75B | 1.62B | 1.48B | 1.59B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 206.90M | 408.20M | 334.40M | 144.90M | 286.50M | 287.70M |
| Total Debt | 833.40M | 785.20M | 742.80M | 728.40M | 754.00M | 620.70M |
| Total Liabilities | 1.15B | 1.13B | 1.06B | 1.06B | 1.11B | 912.70M |
| Stockholders Equity | 525.90M | 608.40M | 541.20M | 417.00M | 469.50M | 427.90M |
Cash Flow | ||||||
| Free Cash Flow | 98.00M | 149.30M | 274.00M | 108.10M | 68.20M | 114.40M |
| Operating Cash Flow | 144.00M | 191.90M | 292.40M | 164.60M | 116.30M | 151.60M |
| Investing Cash Flow | -53.90M | -50.50M | -18.40M | -72.40M | -45.30M | -37.20M |
| Financing Cash Flow | -68.60M | -70.10M | -93.60M | -232.80M | -80.70M | -298.20M |
Canada Goose Holdings Technical Analysis
Negative
11.23
Price Trends
12.43
Negative
13.41
Negative
15.13
Negative
Market Momentum
-0.48
Positive
25.53
Positive
3.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOOS, the sentiment is Negative. The current price of 11.23 is below the 20-day moving average (MA) of 11.43, below the 50-day MA of 12.43, and below the 200-day MA of 15.13, indicating a bearish trend. The MACD of -0.48 indicates Positive momentum. The RSI at 25.53 is Positive, neither overbought nor oversold. The STOCH value of 3.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOOS.
Canada Goose Holdings Risk Analysis
Canada Goose Holdings disclosed 50 risk factors in its most recent earnings report. Canada Goose Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Canada Goose Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$14.20B | 30.94 | 34.33% | ― | 37.45% | 92.29% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | C$159.53M | 70.83 | 1.70% | ― | 3.94% | ― | |
56 Neutral | C$12.54B | 89.72 | 2.13% | 2.00% | 40.42% | -83.20% | |
56 Neutral | C$105.21M | 41.37 | 0.96% | 9.48% | 1.46% | -27.35% | |
55 Neutral | C$5.97B | 55.63 | 20.51% | 1.10% | 19.87% | ― | |
54 Neutral | C$1.03B | 18.63 | 10.37% | ― | 12.26% | 20.96% |
* Consumer Cyclical Sector Average
TSE:GOOS
Canada Goose Holdings
10.99
-8.47
-43.53%
TSE:GIL
Gildan Activewear
67.15
-6.20
-8.45%
TSE:DOO
BRP
84.56
-3.55
-4.03%
TSE:RET
Reitmans (Canada)
2.28
0.23
10.98%
TSE:ROOT
Roots Corporation
4.08
0.89
27.90%
TSE:ATZ
Aritzia
122.82
38.57
45.78%
Canada Goose Holdings Corporate Events
Business Operations and StrategyShareholder Meetings
Canada Goose Shareholders Back Board, Auditor and Expanded Incentive Plan
Positive
Aug 10, 2026
Canada Goose shareholders elected all management-nominated directors at the August 7 annual and special meeting, with each candidate receiving an overwhelming majority of votes, underscoring strong investor support for the current board. Sharehold...
Business Operations and StrategyExecutive/Board Changes
Canada Goose Adds Luxury Veteran Massimo Piombini to Board
Positive
Aug 10, 2026
Canada Goose has appointed veteran luxury executive Massimo Piombini to its Board of Directors, effective August 7, 2026, strengthening its governance with deep expertise in brand building, international growth and retail transformation. Piombini,...
Business Operations and StrategyM&A Transactions
Canada Goose to Sell Baffin to Royer, Sharpening Focus on Core Lifestyle Brand
Positive
Aug 5, 2026
Canada Goose has agreed to sell its performance footwear subsidiary Baffin Limited to L.P. Royer Inc., a Canadian specialist in work and military boots, in a move aimed at sharpening its strategic focus. Acquired in 2018 to build footwear expertis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.