Canada Goose Holdings Inc. said it posted a $26.3 million net loss in its second quarter while revenue increased to $274 million.
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Canada Goose Holdings Inc. reported a net loss of $26.3 million in its most recent second quarter, compared with a net loss of $17.4 million in the same quarter a year earlier.
The apparel company said lower store traffic and sales in some markets contributed to the result, including a 7.5 per cent drop in comparable sales linked to its direct-to-consumer business.
On a conference call, chief executive Dani Reiss said his first priority moving forward “is to deepen brand desire and turn it into more consistent demand.”
Canada Goose said revenue totalled $274 million, up from $258.8 million in the same quarter last year.
It reported direct-to-consumer revenue of $129.6 million, up from $126.2 million, and wholesale revenue of $128.2 million, up from $122.6 million. Other revenue was $16.2 million, up from $10 million.
For the quarter ended Sept. 27, Canada Goose said its loss was 27 cents per diluted share, compared with a loss of 16 cents per diluted share a year earlier. On an adjusted basis, it reported a loss of 20 cents per diluted share, compared with an adjusted loss of 14 cents per diluted share a year earlier.
The company said gross margins were a highlight of the quarter, growing significantly with production efficiencies, higher pricing, and favourable freight and duty costs.
Canada Goose also said new tariffs in the Canada-U.S. dispute had an “immaterial” impact, according to chief financial officer Neil Bowden.
Canada Goose previously bought bootmaker Baffin Ltd. in 2018 and said it sold the business over the summer to L.P. Royer of Sherbrooke, Que., without disclosing deal terms. The company said Baffin generated about $35 million in fiscal 2026 revenue, primarily in its second and third quarters, and that it excluded Baffin from its current year and prior-year results to make comparisons easier.
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