Canada Goose Holdings F4Q26 First Take

Canada Goose delivered a significant revenue beat in F4Q26 (+17.9% Y/Y) driven by Greater China, but missed EPS estimates due to taxes. Management reinstated FY27 guidance with LSD revenue growth expectations while GS maintains a Sell rating.

Key Takeaways

• 1.Consolidated sales grew 17.9% Y/Y, significantly ahead of GS/consensus expectations of 4.3%/7.0%.
• 2.Adjusted EPS of C$0.37 missed consensus, primarily due to a higher-than-expected tax rate (36.3%).
• 3.Management reinstated FY27 guidance, forecasting low-single-digit revenue growth and EBIT margins of 11-12%.

Table of Contents

• F4Q26 First Take
• Key takeaways
• Valuation and key risks
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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