The sharp deceleration in FY2027 guidance (low-single-digit revenue growth vs 13% in FY2026) combined with a 76% drop in full-year net income signals significant headwinds. Monitor the May 15 annual report filing for audited financials and the conference call for details on demand trends, tariff exposure, and margin trajectory. The stock may face pressure as the market prices in the growth slowdown and margin compression.
Price Chart
Executive Summary
Canada Goose reported Q4 FY2026 revenue of $453.3M (+17.9% YoY) and full-year revenue of $1,528.2M (+13.3% YoY), with DTC comparable sales growth of 10% in Q4 and 8% for the full year. However, full-year operating income fell to $88.8M from $164.1M, and net income attributable to shareholders dropped to $22.5M ($0.23/diluted share) from $94.8M ($0.97/diluted share), driven by higher SG&A expenses including a $43.8M arbitration award. The company guided for low-single-digit revenue growth and 11-12% adjusted EBIT margin for FY2027, implying a sharp deceleration from FY2026's 13% revenue growth and 9.7% adjusted EBIT margin.
Key Facts
- Q4 FY2026 revenue: $453.3M (+17.9% YoY); full-year revenue: $1,528.2M (+13.3% YoY)
- Full-year operating income: $88.8M vs $164.1M YoY; net income attributable to shareholders: $22.5M ($0.23/diluted) vs $94.8M ($0.97/diluted) YoY
- Full-year adjusted EBIT margin: 9.7% vs 12.7% YoY; adjusted net income per diluted share: $0.78 vs $1.12 YoY
- FY2027 guidance: revenue growth of low-single digits; adjusted EBIT margin 11-12%
- Net debt declined 6% to $383.2M; net debt leverage stable at 1.3x EBITDA
- Q4 included $8.4M store impairment charge; full-year included $43.8M arbitration award to former supplier
Financial Impact
Full-year net income declined 76% YoY; adjusted EBIT margin contracted 300bps to 9.7%. FY2027 guidance implies revenue growth deceleration to ~1-3% from 13%.
Risk Factors
- FY2027 guidance implies dramatic revenue deceleration to low-single-digit growth from 13% in FY2026
- Full-year operating income halved and net income down 76% YoY, indicating structural cost pressures
- Tariff environment and supply chain disruptions cited as headwinds; consumer demand expected to soften
- Store impairment charge suggests retail network optimization challenges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001690511-26-000010 |
| Document: cg6-kq4fy2026xwrapper.htm | 0001690511-26-000010 |
| Document: 0001690511-26-000010-index-headers.html | 0001690511-26-000010 |
| Document: 0001690511-26-000010-index.html | 0001690511-26-000010 |
| Document: 0001690511-26-000010.txt | 0001690511-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G | — | awaiting T+60 | — | — |
Sep 24, 2026 4w ago | SC 13G/A | $7.61 | awaiting T+60 | — | $8.09 (+6.31%) |
Aug 10, 2026 11w ago | 6-K | $8.69 | awaiting T+60 | — | $8.09 (−6.90%) |
Jul 30, 2026 12w ago | 6-K | $9.26 $8.06 | ▼ −12.96% | ▼ −15.42% | $8.09 (−12.63%) |
Jul 6, 2026 16w ago | 6-K | $9.72 $7.71 | ▼ −20.68% | ▼ −22.40% | $8.09 (−16.77%) |
May 28, 2026 21w ago | 6-K | $9.98 $8.74 | ▼ −12.42% | ▼ −14.16% | $8.09 (−18.94%) |
May 14, 2026 23w ago | 6-K | $9.89 $8.69 | ▲ +12.13% | ▲ +15.72% | $8.09 (+18.20%) |
US Market Status
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