Canada Goose Holdings (GOOS.TO), up 6% in U.S. pre-market trading, Thursday reported higher fourth-quarter adjusted earnings and revenue. The company also introduced its outlook for fiscal 2027.
The luxury outwear manufacturer said adjusted earnings, which excludes most one-time items, increased to $36.3 million, or $0.37 per diluted share, from $32.0 million, or $0.33 per diluted share, in the previous corresponding quarter. Analysts polled by FactSet had forecast $0.40 per share.
Total revenue increased 17.9% to $453.3 million, beating the $411.4 million expected. Canada Goose said DTC revenue climbed 15.2% to $361.7 million, reflecting growth across all regions. Wholesale revenue increased 54.4% to $49.1 million.
The company expects revenue to increase in the low-single digits in fiscal 2027, compared with the year just completed.
"Our fourth quarter capped a year of meaningful progress and execution against our goals," said chief executive and board chair Dani Reiss. "Revenue growth was broad-based across regions and channels, supported by stronger conversion in DTC, improved wholesale performance, and continued momentum across our expanded product offering. Our brand and product continue to resonate with customers, and that strength showed up in healthier demand, improving retail productivity, and a more returns-focused approach to operating the business."
Canada Goose shares were last seen up US$0.63, to US$11.31 in New York trading. It closed down $0.40, to $14.62 on the Toronto Stock Exchange on Wednesday.