Canada Goose Holdings Inc.
- Open
- 8.23
- Day high
- 8.26
- Day low
- 8.13
- Prev close
- 8.24
- Volume
- 681K
- Mkt cap
- $805M
- P/E (TTM)
- 19.8
- EPS (TTM)
- $0.42
- P/B
- 2.1
- P/S
- 0.7
- Yield
- —
- Per share
- —
Canada Goose Holdings Inc. (GOOS) is a Consumer Cyclical company listed on NYSE. The stock is down 38% over the past year. Drillr has 1 published research article covering GOOS.
Canada Goose Holdings Inc. (GOOS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GOOS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $-0.70 | $-0.64 | +8.0% | $84M | +8.5% |
| May 14, 2026 | $0.29 | $0.27 | -6.9% | $326M | +10.1% |
| Feb 5, 2026 | $1.14 | $1.03 | -9.6% | $508M | +23.6% |
| Nov 6, 2025 | $-0.04 | $-0.10 | -150.0% | $196M | -69.8% |
| Jul 31, 2025 | $-0.62 | $-0.66 | -6.5% | $79M | +18.1% |
| May 21, 2025 | $0.16 | $0.23 | +43.8% | $270M | +9.0% |
| Feb 6, 2025 | $1.08 | $1.10 | +1.9% | $422M | -2.7% |
| Nov 7, 2024 | $-0.05 | $0.04 | +180.0% | $197M | +2.9% |
| Aug 1, 2024 | $-0.60 | $-0.58 | +3.3% | $65M | +3.1% |
| May 16, 2024 | $0.07 | $0.14 | +100.0% | $266M | +13.8% |
| Feb 1, 2024 | $1.07 | $1.01 | -5.6% | $459M | -1.1% |
| Nov 1, 2023 | $-0.17 | $0.12 | +170.6% | $208M | +0.6% |
Canada Goose Holdings Inc. company profile
Overview
Canada Goose Holdings Inc. (TSX:GOOS) is a Canadian luxury outerwear manufacturer founded in 1957 and headquartered in Toronto. Originally established as a small-scale manufacturer of winter clothing, the company has evolved into a globally recognized performance luxury apparel brand. Canada Goose went public in March 2017 and has since expanded its operations across North America, Europe, and Asia Pacific, operating through 41 directly operated retail stores and 56 national e-commerce markets as of 2022.
Business
Canada Goose operates in the performance luxury apparel industry, specializing in premium winter and all-weather clothing designed for extreme conditions. The company's core business revolves around manufacturing and selling high-end outerwear that combines functional protection with luxury positioning. The company's flagship products include parkas - heavy-duty winter coats filled with down insulation and designed to withstand extremely cold temperatures. These parkas, which originally built the brand's reputation, are engineered for harsh Arctic conditions and feature premium materials like coyote fur trim and responsibly sourced down filling. Beyond parkas, Canada Goose has expanded into what it calls the Non-Heavyweight Down category, which includes lightweight down jackets, rainwear, windwear, knitwear, and footwear suitable for fall, winter, and spring seasons. The company operates through three main business segments: 1. Direct-to-Consumer (DTC) - representing approximately 68% of total revenue, this includes sales through company-owned retail stores and e-commerce platforms 2. Wholesale - sales to third-party retailers and distributors, representing a smaller but significant portion of revenue 3. Other - miscellaneous revenue streams including licensing and partnerships Recent strategic initiatives have focused on expanding beyond traditional heavyweight winter wear into year-round apparel categories, with non-parka products now representing a growing portion of total sales.
Revenue model
Canada Goose generates revenue primarily through direct product sales via two main channels. The Direct-to-Consumer channel, which accounts for approximately 68% of total revenue, includes sales through company-owned retail stores and e-commerce platforms. Customers pay premium prices directly to Canada Goose for their products. The Wholesale channel involves selling products to third-party retailers, department stores, and distributors who then resell to end consumers. The company's paying customers are primarily affluent consumers seeking luxury outerwear with functional performance characteristics. These customers are willing to pay premium prices (parkas typically range from several hundred to over $1,000) for products that combine luxury positioning with extreme weather protection. Several factors influence Canada Goose's profit margins. Positive margin drivers include the company's strong brand positioning allowing premium pricing, the shift toward higher-margin Direct-to-Consumer sales versus wholesale, and operational leverage as the retail network expands. The company's focus on in-house manufacturing and vertical integration also provides margin control. Margin pressures come from several sources: expansion into new product categories like footwear and apparel initially carries lower margins until scale is achieved; wholesale channel rationalization reduces revenue volume; increased marketing investments to support brand elevation; and potential economic downturns that could pressure luxury spending. Additionally, the company faces cost inflation in materials and labor, though it has implemented selective price increases to offset these pressures. Geographic factors also impact profitability, with the Asia Pacific region showing strong growth potential but requiring continued investment, while established markets like North America provide more stable margin profiles.
Competitive moat
Canada Goose possesses a moderate to strong brand moat built around its unique positioning as a luxury brand with authentic extreme-weather heritage. The company's moat stems from several key factors: its decades-long reputation for producing outerwear capable of withstanding Arctic conditions, which creates genuine functional differentiation; its luxury brand positioning that commands premium pricing; and its Canadian heritage story that resonates globally. The brand's strength is evidenced by its ability to maintain premium pricing even during economic uncertainty and its success in expanding internationally, particularly in Asia where luxury brands with authentic stories perform well. The company's focus on quality, craftsmanship, and responsible sourcing (including ethical down standards) reinforces its premium positioning. However, the moat faces several challenges. The luxury outerwear market is increasingly competitive, with established players like Moncler and newer entrants offering similar functional luxury positioning. The company's heavy dependence on cold-weather products makes it vulnerable to climate variability and seasonal demand fluctuations. Additionally, as Canada Goose expands beyond its core parka category into more general apparel, it enters markets with more intense competition and potentially weaker brand differentiation. The appointment of creative director Haider Ackermann represents an attempt to strengthen the brand moat through elevated design and broader appeal, though this strategy carries execution risk. The company's moat is also somewhat dependent on maintaining its "Made in Canada" positioning, which could face pressure as the company scales globally. Overall, while Canada Goose has built a recognizable luxury brand with authentic heritage, its moat is not impregnable and requires continuous investment in brand building and product innovation to maintain differentiation.
Risks & safety
Canada Goose demonstrates a moderate margin of safety with generally healthy financial metrics but some areas of concern. • Liquidity and Debt: Current ratio of 2.01 indicates adequate short-term liquidity. Cash position of $199 million provides reasonable cushion. Debt-to-equity ratio of 1.68 is elevated but manageable for a growing retail business. • Profitability and Cash Flow: Strong free cash flow generation of $236 million in Q3 2025 demonstrates the business's cash-generating ability. Operating cash flow of $243 million shows healthy operational performance. • Valuation Metrics: Price-to-earnings ratio of 2.5 appears extremely attractive, though this may reflect seasonal earnings patterns. EV/EBITDA of 2.09 suggests potential undervaluation. Price-to-book ratio of 2.82 is reasonable for a luxury brand. • Other Considerations: Strong return on equity of 28% indicates efficient capital utilization. However, the business is seasonal and cyclical, making quarterly metrics potentially misleading. The company's expansion phase requires continued investment, which could pressure cash flows in weaker periods.
Recent development
Over the past few years, Canada Goose has undergone significant strategic transformation focused on brand elevation and operational efficiency. The most notable development was the appointment of Haider Ackermann as the company's first Creative Director, marking a shift toward high-fashion positioning. This culminated in the launch of the "Snow Goose" capsule collection, which achieved 30 billion media impressions and demonstrated strong cross-selling potential with 25% of Snow Goose purchasers also buying mainline products. The company has pursued aggressive product category expansion beyond its traditional heavyweight parkas into year-round apparel, footwear, and accessories. Non-heavyweight down products now represent a significant portion of sales, with categories like windwear, knitwear, and apparel showing strong growth across regions. The company also entered the eyewear category and acquired Paola Confectii, a knitwear manufacturer, to support vertical integration. Operational streamlining has been a major focus, with the company reducing corporate headcount by 17% while maintaining operational effectiveness. Management has simplified business operations, reduced third-party vendor contracts, and improved inventory management, achieving a 15% year-over-year inventory reduction while improving turnover by 13%. Retail strategy evolution includes slowing the pace of new store openings to focus on optimizing existing locations, with emphasis on improving store productivity and customer experience. The company has also strategically reduced wholesale partnerships to protect brand positioning, leading to expected wholesale revenue declines of approximately 20% as part of brand elevation efforts. Recent marketing initiatives have included high-profile collaborations and campaigns, expansion into digital platforms like Douyin livestreaming in China, and a more focused approach to brand moments with greater impact and reach.
GOOS company profile · for informational purposes only — not investment advice.
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