Canada Goose operating loss widens as quarterly revenue grows

Canada Goose reported an operating loss of $21.6m (£11.4m) for its second quarter to 27 September, widening 22.7% year on year from $17.6m (£9.3m), according to Drapers. The luxury outerwear brand also posted an adjusted EBIT loss of $21.6m (£11.4m), compared with $14.2m (£7.5m) in the same period last year.

Total revenue rose 5.9% to $274m (£144.8m), with growth of 4.9% on a constant currency basis. Gross profit increased 10.4% to $182.9m (£96.6m), supported by higher revenue and gross margin. Direct-to-consumer revenue grew 2.7%, while wholesale revenue increased 4.6%.

The company said launches across apparel, rain and windwear delivered double-digit growth as it expanded its year-round offering. It also completed the sale of cold-climate footwear and outerwear brand Baffin Limited during the period, as part of efforts to simplify the business and focus on strategic priorities. Two new stores brought its estate to 94 at the quarter’s end.

Why it matters For fashion businesses and buyers, the results show growth across Canada Goose’s retail and wholesale channels, alongside demand for categories beyond its core outerwear offering. However, higher revenue and gross profit coincided with a wider operating loss.