Luxury outwear retailer, Canada Goose Holdings Inc’s net loss widened in Q1, FY26 despite the brand reporting a 22.4 per cent Y-o-Y increase in total revenue, reaching CA$107.8 million.

The company's direct-to-consumer (DTC) revenue increased by 23.8 per cent to CA$78.1 million. This growth was primarily fueled by a 14.8 per cent rise in comparable sales and the positive impact of newer store openings. Canada Goose has been actively expanding its retail footprint, including converting two temporary locations into permanent ones, bringing its total permanent store count to 76.

The company’s wholesale revenue also rose by 11.9 per cent to CA$17.9 million. Other revenue streams, which include Friends & Family events, experienced a substantial growth of 31.1 per cent to CA$11.8 million, further contributing to the overall top-line growth. The company's gross profit rose 25.9 per cent to CA$66.2 million, with the gross margin improving to 61.4 pe cent. This margin improvement was partly attributed to higher-margin output from Canada Goose's European knitwear facility.

However, these positive revenue and gross profit figures were overshadowed by a widening net loss. The company’s net loss attributable to shareholders reached CA125.2 million, , a significant increase from CA77.4million, in the same quarter last year. The operating loss also expanded to CA158.7million.

Beyond the financials, Canada Goose made several strategic moves, including the launch of its Spring-Summer 2025 collection and the second Snow Goose capsule. The brand also introduced a revamped store concept in Amsterdam and reported notable progress on its sustainability goals, achieving a 9 per cent reduction in Scope 1 and a 25 per cent reduction in Scope 3 emissions.

Dani Reiss, Chairman and CEO, Canada Goose, affirms, the brand is off to a strong start withn DTC performance growth. The brand is executing everything with precision, from bold storytelling to smarter retail moves, he adds.