Luxury performance outerwear and clothing retailer Canada Goose has reported that fourth quarter (Q4) 2025 total revenue rose 7.4% - 4% on a constant currency basis - to C$384.6m ($277.2m).
Direct-to-consumer (DTC) revenue climbed 15.7% to reach C$314.1m. When adjusted for currency fluctuations, the increase stood at 11.6%. This growth was attributed to a 6.8% expansion in comparable DTC sales and contributions from new stores that have not been open long enough to be included in comparable metrics.
Wholesale revenue saw a downturn, dropping 23.2% to C$31.8m. Accounting for constant currency conditions, the decline was slightly steeper at 24.9%. The primary factors behind this decrease were identified as a deliberately reduced volume of orders in the Europe, Middle East and Africa (EMEA) region and shifts in the timing of product shipments.
The company’s gross profit for the quarter surged 17.8% to reach C$274.4m, with gross margin significantly increasing to 71.3%.
Operating income for the quarter was reported to be C$55.1m, a considerable rise from C$23.1m in the corresponding period of the previous year, while net income attributable to shareholders increased to C$27.1m or C$0.28 per diluted share from C$5.0m or C$0.05 per diluted share.
Canada Goose chairman and CEO Dani Reiss stated: “Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark.
“We saw solid DTC comparable sales growth, fuelled by compelling storytelling, sharp retail execution and continued momentum around our Snow Goose capsule. As we close out fiscal 2025, we are making clear strides across our key priorities – enhancing retail execution, elevating our brand and product offering, and delivering it all efficiently.”
Total revenue for FY25 amounted to C$1.35bn - a 1.1% increase.
The company's DTC segment saw revenue rise 5.1% to reach C$998.9m, which represents 2.6% growth on a constant currency basis, despite DTC comparable sales experiencing a 3.6% decline.
Wholesale revenue witnessed a downturn of 16.5%, or 18% when evaluated on a constant currency basis.
Gross profit for Canada Goose showed an upward trend of 2.8%, totalling C$943.1m in FY25 in comparison to the same period of the previous year.
The gross margin also improved, climbing to 69.9% from the previous fiscal year's 68.8%.
Net income attributable to shareholders of Canada Goose rose to C$94.8m, equating to $0.97 per diluted share, in contrast to the net income of C$58.4m or C$0.57 per diluted share recorded in the previous year.
Given prevailing economic uncertainties and volatile consumer spending behaviours influenced by an unpredictable global trade climate, Canada Goose has decided against providing a financial forecast for fiscal 2026.
“The success we saw in fiscal 2025 sets a strong foundation for where we are headed. In fiscal 2026, we will continue to execute bolder marketing initiatives, expand and enhance our product offering and elevate consumer experience – all of which drove our momentum last year. These priorities are focused, proven, and designed to keep driving long-term growth,” Reiss added.
