Canada Goose Holdings Inc. Q1 FY2026 earnings call

• Expanding product offering: Introduced more newness than ever, with apparel as the fastest-growing category. The Emerson T-shirt, Beckley Polo, and Chilliwack Fleece were bestsellers.
• Building brand heat: Strategic marketing investments in Spring-Summer and Snow Goose campaigns. The Spring-Summer campaign brought fresh energy, and the Snow Goose campaign drove earned media reach and follower growth.
• Channel development: D2C comparable sales growth positive, store conversion higher year-over-year in every region. Opened a new store in Beijing.
• Sustainability: Achieved 9% reduction in Scope 1 emissions and 25% in Scope 3, with 10 renewable energy projects.

Revenue for the first quarter was $108 million, up 22% year-over-year. On a constant currency basis, D2C revenue increased to $78 million, up 23%, with comparable D2C sales growth of 15%. Wholesale revenue saw an 11% year-over-year increase. Other revenue was $12 million, up from $9 million in Q1 last year, mainly due to 2 Friends & Family events. Geographic revenue trends: North America revenue up 27%, APAC up 27% (Mainland China strong D2C, Japan softer), EMEA slightly down due to wholesale timing shifts.

• No specific annual guidance, but investing in marketing, store openings, and product creation to fuel growth. Wholesale expected to be stable after channel reset. Focus on revenue growth through strategic investments.

• Macro economic challenges affecting traffic in some markets. - Evolving trade environment, potential tariffs. - Retail health monitoring in wholesale channels.

Q: Talk to the drivers of the sequential acceleration in comp in a little bit more detail. How much of this is coming from some of the Snow Goose product that continued to expand this quarter versus your core? And looking ahead, how are you thinking about Snow Goose's opportunity to scale into the important winter season?

A: Carrie Baker on marketing investments, product assortment, and execution; Snow Goose is a capsule collection driving brand heat, with drops planned for fall.

Q: Can you just frame the newness that you have in stores right now? I guess how much of the floor set today would you consider to be new products that are driving year-round relevance versus what you might consider to be part of the core? And do you feel that merchandising is where it needs to be today? Or do you expect to continue leaning into having more newness to have more year-around relevance?

A: Carrie Baker on strategic flow of newness, focusing on year-round relevance; merchandising is ongoing with improvements, hiring a new Head of Merchandising.