Canada Goose projecting lower revenue growth amid economic headwinds

A Canada Goose logo on a storefront in Ottawa. THE CANADIAN PRESS/Sean Kilpatrick

TORONTO —A wave of troubles facing the global economy have Canada Goose Holdings Inc. expecting revenue in the fiscal year it just kicked off to fall.

The luxury parka maker revealed Thursday that it’s predicting revenue will grow by low-single digits in its fiscal 2027. Its fiscal 2026 ended with revenue up about 12 per cent from 2025 to more than $1.5 billion.

The “conservatism” the Toronto-based company is projecting is not meant to single out any particular season or part of the year but rather be a reflection of the broader factors weighing on consumers and the firm, chief financial officer Neil Bowden said.

“The macro environment is going to be more challenging than it was a year ago,” Bowden told analysts.

“I don’t think we know how much more challenging so we want to give ourselves a pretty wide range of outcomes.”

Shoppers and retailers have spent 2026 continuing to be battered by tariffs, which U.S President Donald Trump started wielding erratically the year before. More recently, the U.S.’s attacks on Iran have contributed to a blockade of a key oil passageway, pushing up the price of fuel and shipping goods.

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Meanwhile, Canadians are finding their budgets squeezed by rising costs and an unemployment rate that has ticked upward.

Canada Goose parkas routinely sell for well above $1,000, attracting a customer base that is more affluent and thus, more immune to economic hardships.

But that doesn’t mean the company is completely unaffected by economic headwinds.

“Obviously, there is a lot of uncertainty right now on how ongoing geopolitical conflicts will impact, really, two things — freight charges and freight availability, as well as raw materials and input costs because we have petroleum exposure in some of our fabrics, for example,” chief operating officer Beth Clymer said on the same call as Bowden.

She said the company is continually monitoring how conflicts may be hampering its supply chain and have factored some of the possibilities into its 2027 predictions.

Clymer and Bowden’s remarks came shortly after Canada Goose reported a fourth-quarter profit attributable to shareholders of $28.1 million, up from $27.1 million a year earlier, as its revenue rose 18 per cent.

The profit amounted to 28 cents per diluted share for the quarter ended March 29, the same as a year earlier.

On an adjusted basis, Canada Goose says it earned 37 cents per diluted share in its latest quarter, up from an adjusted profit of 33 cents per diluted share last year.

Revenue for the fourth quarter of the company’s 2026 financial year totalled $453.3 million, up from $384.6 a year ago.

Analysts on average had expected Canada Goose to report an adjusted profit of 40 cents per share and $412 million in revenue, according to LSEG Data & Analytics.

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Canada Goose spent much of the quarter pushing its expanded product assortment, so it’s less reliant on sales of its hit product — winter parkas — for profitability.

The company also sells rainwear, knitwear, shoes and accessories, including sunglasses. CEO Dani Reiss has also mused about eventually getting into the luggage business.

It recently launched a new spring-summer collection it says is the brand’s largest ever for the season. It was brought to market earlier than usual to bolster demand, the company said.

This report by The Canadian Press was first published May 14, 2026.

Tara Deschamps, The Canadian Press