GOOS
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Earnings documents stored for GOOS.
Investor releaseQuarter not tagged2026-08-10Canada Goose Announces Voting Results From Annual and Special Meeting of Shareholders
Business Wire
Canada Goose Announces Voting Results From Annual and Special Meeting of Shareholders
TORONTO, August 10, 2026--(BUSINESS WIRE)--Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today the voting results from its annual and special meeting of shareholders (the "Meeting") held on August 7, 2026. At the Meeting, all the nominees for election as directors listed in the Company's management information circular dated June 26, 2026, were elected by a majority of the votes cast by shareholders virtually present or represented by proxy at the Meeting. The voting results for each nominee are as follows: Furthermore, Deloitte LLP was reappointed as the Company's auditor for the ensuing year by a majority of the votes cast by shareholders virtually present or represented by proxy at the Meeting. In addition, shareholders approved the amendment to the Company’s Omnibus Incentive Plan to replenish and increase the number of subordinate voting shares reserved for issuance thereunder, by a majority of the votes cast by shareholders virtually present or represented by proxy at the Meeting. The full voting results for the above matters are disclosed in the report on voting results of the Company dated August 7, 2026, available on SEDAR+ at www.sedarplus.ca under the Company’s profile. About Canada Goose Canada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam. For more information, visit www.canadagoose.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260810909367/en/ Contacts Investors: [email protected] Media: [email protected]
Investor releaseQuarter not tagged2026-08-03Should You Buy, Sell or Hold Steven Madden Stock Post Q2 Earnings?
Zacks
Should You Buy, Sell or Hold Steven Madden Stock Post Q2 Earnings?
Steven Madden, Ltd. SHOO delivered impressive second-quarter 2026 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate and increasing year over year. Broad-based strength across its Steve Madden, Kurt Geiger and Dolce Vita brands, along with healthy wholesale and direct-to-consumer ("DTC") demand, drove robust revenue growth and margin expansion. Encouraged by the strong performance, management raised its fiscal 2026 revenue and adjusted earnings outlook.Shares of Steven Madden have gained 27.1% over the past three months, significantly outperforming the industry's 0.2% increase during the same period. Image Source: Zacks Investment Research Steven Madden reported second-quarter revenues of $665.9 million, up 19.1% year over year. Excluding Kurt Geiger, revenues increased 11.2%.Wholesale revenues increased 13% to $407.5 million, while DTC revenues climbed 30.6% to $255.4 million. Excluding Kurt Geiger, wholesale and DTC revenues increased 11.5% and 11.1%, respectively. Steve Madden global comparable sales rose 9%, including a 17% increase in the United States, reflecting continued strength in the company's flagship brand.Profitability improved meaningfully during the quarter. Adjusted gross margin expanded 460 basis points year over year to 46.5%, driven by higher average selling prices, reduced promotional activity, lower tariff pressure and a lower mix of private-label business. Adjusted operating margin increased to 6.7% from 4% a year ago, while adjusted earnings more than doubled to 44 cents per share from 20 cents.Steven Madden strengthened its balance sheet by using tariff-related refunds to reduce debt. The company ended the quarter with $94.7 million in cash and cash equivalents and net debt of $30.1 million, while inventories declined 13.7% year over year. Following the strong second quarter, management raised its fiscal 2026 outlook. Steven Madden expects revenue growth of 11-13%, up from the prior expectation of 10-12%. Adjusted earnings per share are projected in the range of $2.05-$2.15, compared with the earlier guidance of $2.00-$2.10. The company reaffirmed its EPS guidance of $2.55-$2.65.Management raised its expectations for several key brands. The Steve Madden brand is expected to deliver high single-digit revenue growth in 2026, Kurt Geiger is projected to generate mid-teens pro forma revenue growth and Do…Read full documentShow less
Steven Madden, Ltd. SHOO delivered impressive second-quarter 2026 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate and increasing year over year. Broad-based strength across its Steve Madden, Kurt Geiger and Dolce Vita brands, along with healthy wholesale and direct-to-consumer ("DTC") demand, drove robust revenue growth and margin expansion. Encouraged by the strong performance, management raised its fiscal 2026 revenue and adjusted earnings outlook.Shares of Steven Madden have gained 27.1% over the past three months, significantly outperforming the industry's 0.2% increase during the same period. Image Source: Zacks Investment Research Steven Madden reported second-quarter revenues of $665.9 million, up 19.1% year over year. Excluding Kurt Geiger, revenues increased 11.2%.Wholesale revenues increased 13% to $407.5 million, while DTC revenues climbed 30.6% to $255.4 million. Excluding Kurt Geiger, wholesale and DTC revenues increased 11.5% and 11.1%, respectively. Steve Madden global comparable sales rose 9%, including a 17% increase in the United States, reflecting continued strength in the company's flagship brand.Profitability improved meaningfully during the quarter. Adjusted gross margin expanded 460 basis points year over year to 46.5%, driven by higher average selling prices, reduced promotional activity, lower tariff pressure and a lower mix of private-label business. Adjusted operating margin increased to 6.7% from 4% a year ago, while adjusted earnings more than doubled to 44 cents per share from 20 cents.Steven Madden strengthened its balance sheet by using tariff-related refunds to reduce debt. The company ended the quarter with $94.7 million in cash and cash equivalents and net debt of $30.1 million, while inventories declined 13.7% year over year. Following the strong second quarter, management raised its fiscal 2026 outlook. Steven Madden expects revenue growth of 11-13%, up from the prior expectation of 10-12%. Adjusted earnings per share are projected in the range of $2.05-$2.15, compared with the earlier guidance of $2.00-$2.10. The company reaffirmed its EPS guidance of $2.55-$2.65.Management raised its expectations for several key brands. The Steve Madden brand is expected to deliver high single-digit revenue growth in 2026, Kurt Geiger is projected to generate mid-teens pro forma revenue growth and Dolce Vita is expected to post high single-digit to low-double-digit revenue growth. Despite the recent rally, Steven Madden's valuation remains attractive. The stock currently trades at a trailing 12-month price-to-sales ratio of 1.21X, below the industry average of 1.27X, suggesting investors are not paying a premium for its improving growth profile. It has a Value Score of A. Image Source: Zacks Investment Research Steven Madden continues to execute well across multiple growth initiatives, led by the strong momentum of its flagship Steve Madden brand. Management highlighted healthy demand across women's footwear, men's footwear and handbags, driven by trend-right product assortments and effective marketing campaigns. Reflecting the brand's growing consumer appeal, global online searches for the Steve Madden brand increased 71% during the second quarter, reinforcing management's confidence in its long-term growth prospects.Kurt Geiger remains another important long-term growth driver. The company expanded the brand's U.S. retail footprint by opening two full-price stores during the quarter, bringing the total to seven. Existing stores generated 12% comparable sales growth, while Steven Madden acquired Spain and Portugal distribution business and continues to pursue additional distribution and joint venture opportunities to further expand Kurt Geiger's international presence. The company noted that its in-store personalization service has emerged as a key differentiator for the brand.Dolce Vita continues to gain momentum as an important growth brand within Steven Madden's portfolio. Management highlighted strong performance across both wholesale and DTC channels, supported by demand for jellies, ballet flats, Mary Janes, mid-heel dress shoes and thongs. The brand continued to gain traction in handbags while expanding its presence in international markets, including Canada, Mexico and the United Kingdom.Beyond its brand portfolio, Steven Madden continues to strengthen its market position through disciplined execution across its wholesale and DTC businesses. Management noted strong sell-throughs and reorder activity in the branded wholesale business, while DTC momentum continued into the third quarter. Strong performance during the Nordstrom Anniversary Sale, particularly in the Steve Madden women's footwear business, further underscores the company's ability to capitalize on consumer demand across multiple distribution channels. Despite the strong momentum, Steven Madden faces several near-term challenges. The company's private-label business remains under pressure, with management expecting revenues from the segment to decline at a mid- to high-teens rate in fiscal 2026. While branded products continue to perform well, ongoing weakness in private label could weigh on wholesale growth.Freight and sourcing costs also remain a concern. Management noted that the prolonged conflict in the Middle East has increased air freight usage as the company works to replenish best-selling products and mitigate supply-chain disruptions. Suppliers are finding it increasingly difficult to absorb higher logistics costs, resulting in greater cost pressures during the second half of the year.Tariff uncertainty continues to cloud the outlook. While Steven Madden has benefited from lower tariff pressure this year, management's guidance assumes additional tariffs in the fourth quarter as investigations into structural excess capacity and intellectual property practices remain unresolved. Any further changes in trade policies could increase sourcing costs and dampen profitability.Although management expects gross margins to improve year over year in the second half, it cautioned that the pace of expansion will moderate as the company laps prior pricing actions and the favorable mix benefits from the Kurt Geiger acquisition. These headwinds could limit further margin improvement despite continued healthy demand for the company's brands. The Zacks Consensus Estimate for Steven Madden's 2026 earnings has increased by 3 cents over the past seven days, while the 2027 estimate has remained unchanged.Current consensus estimates indicate earnings growth of 25.9% in 2026 and 24.5% in 2027, reflecting confidence in the company's long-term earnings trajectory. Image Source: Zacks Investment Research Steven Madden remains well-positioned for long-term growth, supported by strong brand momentum, healthy consumer demand and an improving earnings outlook. While freight costs, tariff uncertainty and weakness in the private-label business remain near-term headwinds, the stock trades at a modest valuation relative to the industry and analysts continue to project robust earnings growth over the next two years.Given its balanced risk-reward profile following the recent rally, Steven Madden appears to be a stock worth holding. The company currently carries a Zacks Rank #3 (Hold). Canada Goose GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Canada Goose’s current fiscal-year earnings and sales suggests growth of 58.9% and 3.4%, respectively, from the year-ago actuals. GOOS delivered a trailing four-quarter average negative earnings surprise of 42%.Tilly's, Inc. TLYS is a specialty retailer in the action sports industry selling clothing, shoes and accessories. The company also sports a Zacks Rank #1 at present. The Zacks Consensus Estimate for Tilly's current fiscal-year sales indicates growth of 4.9% from the year-ago actuals. TLYS delivered a trailing four-quarter average earnings surprise of 155.3%. Designer Brands Inc. DBI designs, produces and retails footwear and accessories. It offers shoes, boots, sandals, sneakers, socks, handbags and accessories. It currently carries a Zacks Rank #2 (Buy).The Zacks Consensus Estimate for Designer Brands’ current fiscal-year earnings and sales suggests growth of 137.5% and 0.5%, respectively, from the year-ago actuals. DBI delivered a trailing four-quarter average earnings surprise of 112.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report Tilly's, Inc. (TLYS) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Designer Brands Inc. (DBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-31Canada Goose Q1 Earnings Call Highlights
MarketBeat
Canada Goose Q1 Earnings Call Highlights
Interested in Canada Goose Holdings Inc.? Here are five stocks we like better. Canada Goose reported solid first-quarter growth: Revenue rose 9% to C$119 million, or 16% excluding the declining “other revenue” channel, while adjusted EBIT margin improved to negative 87% from negative 99%. Growth is broadening beyond winter outerwear: Spring and summer categories such as apparel, rainwear and windwear generated nearly 40% of revenue. Wholesale revenue surged 65%, while direct-to-consumer sales rose 7%, supported by e-commerce despite weaker store traffic, particularly in EMEA. Management maintained its fiscal 2027 outlook but expects near-term pressure: First-half growth is expected to moderate, with higher marketing and logistics investments modestly weighing on margins. The company remains on track for an 11%–12% adjusted operating-margin target, although potential U.S. tariffs could reduce fiscal-year margin by less than 200 basis points if unmitigated. 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up Canada Goose (NYSE:GOOS) reported first-quarter fiscal 2027 revenue growth and a substantial improvement in adjusted EBIT margin, as demand for apparel, rainwear and windwear supported sales across its direct-to-consumer and wholesale businesses. Revenue for the quarter ended June 28, 2026, rose 9% year over year to C$119 million. Excluding the company’s “other revenue” channel, which declined as planned amid minimal activity, revenue increased 16%. Adjusted EBIT loss narrowed to C$104 million from C$106 million a year earlier, while adjusted EBIT margin improved to negative 87% from negative 99%. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Canada Goose Soars 30%—Is This Rally Built to Last? Chairman and Chief Executive Officer Dani Reiss said the margin improvement of more than 10 percentage points marked Canada Goose’s strongest first-quarter adjusted EBIT margin since fiscal 2020. He attributed the performance to sales growth, healthier gross margin, increased channel margins and cost discipline. The company said its expanded spring and summer assortment generated strong demand in both direct-to-consumer and wholesale channels. Apparel, rainwear and windwear represented nearly 40% of first-quarter revenue, compared with 5% of the business in fiscal 2022 and 15% of total revenue in fiscal 2026. → Microsoft Just Flipped the AI Spending…Read full documentShow less
Interested in Canada Goose Holdings Inc.? Here are five stocks we like better. Canada Goose reported solid first-quarter growth: Revenue rose 9% to C$119 million, or 16% excluding the declining “other revenue” channel, while adjusted EBIT margin improved to negative 87% from negative 99%. Growth is broadening beyond winter outerwear: Spring and summer categories such as apparel, rainwear and windwear generated nearly 40% of revenue. Wholesale revenue surged 65%, while direct-to-consumer sales rose 7%, supported by e-commerce despite weaker store traffic, particularly in EMEA. Management maintained its fiscal 2027 outlook but expects near-term pressure: First-half growth is expected to moderate, with higher marketing and logistics investments modestly weighing on margins. The company remains on track for an 11%–12% adjusted operating-margin target, although potential U.S. tariffs could reduce fiscal-year margin by less than 200 basis points if unmitigated. 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up Canada Goose (NYSE:GOOS) reported first-quarter fiscal 2027 revenue growth and a substantial improvement in adjusted EBIT margin, as demand for apparel, rainwear and windwear supported sales across its direct-to-consumer and wholesale businesses. Revenue for the quarter ended June 28, 2026, rose 9% year over year to C$119 million. Excluding the company’s “other revenue” channel, which declined as planned amid minimal activity, revenue increased 16%. Adjusted EBIT loss narrowed to C$104 million from C$106 million a year earlier, while adjusted EBIT margin improved to negative 87% from negative 99%. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Canada Goose Soars 30%—Is This Rally Built to Last? Chairman and Chief Executive Officer Dani Reiss said the margin improvement of more than 10 percentage points marked Canada Goose’s strongest first-quarter adjusted EBIT margin since fiscal 2020. He attributed the performance to sales growth, healthier gross margin, increased channel margins and cost discipline. The company said its expanded spring and summer assortment generated strong demand in both direct-to-consumer and wholesale channels. Apparel, rainwear and windwear represented nearly 40% of first-quarter revenue, compared with 5% of the business in fiscal 2022 and 15% of total revenue in fiscal 2026. → Microsoft Just Flipped the AI Spending Narrative Overnight 2 Outerwear Stocks to Warm Up Your Portfolio for the Winter “This growth is additive,” Reiss said, noting that down-filled outerwear also grew during the quarter. He said the mix demonstrates the company’s ability to build a more balanced business throughout the year while maintaining demand for its core outerwear products. Chief Financial Officer Neil Bowden said pricing was positive and offset modest cost inflation, though he characterized pricing as not a meaningful driver of revenue growth. The company implemented price increases at the beginning of the quarter that had an expected mid-single-digit effect, while unit sales remained healthy. → Carrier Earnings Could Send the Stock to a New All-Time High Gross margin expanded 100 basis points to 62.4%, supported by channel and regional mix. Selling, general and administrative expense declined 21% on a reported basis. Bowden said that comparison included two elevated expense items in the prior-year quarter that did not recur, as well as current-period collections of previously impaired customer receivables. Normalizing for those items, SG&A increased 6%, producing leverage against revenue growth. Wholesale revenue increased 65% year over year, aided by a stronger order book, customer reorders, higher in-season demand and shipment timing. Bowden said less than half of wholesale growth was related to timing and that the balance would normalize over the year. Management highlighted demand from wholesale partners in Hainan Island and Korea, as well as a strong response to the spring-summer 2027 order book. Reiss said partners are adopting the company’s broader range of products, including lifestyle apparel and lightweight down. Direct-to-consumer revenue rose 7%, led by double-digit e-commerce growth and growth in both Asia Pacific and North America. However, comparable direct-to-consumer sales declined 3% as store traffic remained soft, particularly in Europe, the Middle East and Africa. Asia Pacific revenue increased 35%, led by mainland China, e-commerce growth, improved conversion in key stores and wholesale shipment timing. North America revenue declined 6% on a reported basis due to lower other revenue, but grew excluding that channel. Canadian performance was positive, while softer U.S. store traffic contributed to a 1% direct-to-consumer comparable-sales decline. EMEA revenue declined 7%, as wholesale and e-commerce gains were offset by weaker store sales amid a challenging macroeconomic environment and reduced international travel. President of Brand and Commercial Carrie Baker said e-commerce strength reflects the expanded product range, investments in brand building and customer acquisition, and improvements to the digital shopping experience. In stores, conversion and units per transaction improved even as traffic weakened. The company cited staff training, clienteling, product availability and labor scheduling as contributors to stronger in-store execution. President and Chief Operating Officer Beth Clymer said EMEA’s negative comparable sales were primarily driven by traffic pressure, with more conversion pressure in the region than in other markets. She said the company did not believe its EMEA logistics transition had meaningfully affected first-quarter results. Canada Goose opened four stores during the quarter, bringing its permanent store count to 92. The additions included a Vancouver location featuring the company’s latest retail design concept. Bowden said the company continues to see significant whitespace for store expansion and that softer short-term traffic has not changed its view of the long-term opportunity. Inventory increased 11% to C$490 million, reflecting the broader assortment, a larger wholesale order book and inventory intended to support expected fall-winter 2027 demand. Net debt totaled C$628 million, up from C$542 million a year earlier, primarily due to increased store lease liabilities. The company also repriced its term loan late in the quarter, reducing its credit spread by 50 basis points. Looking ahead, Bowden said first-half revenue growth is expected to moderate from the first-quarter pace, as the consumer environment remains mixed. Store traffic trends early in the second quarter were consistent with the first quarter, while e-commerce remained strong and wholesale demand tracked in line with expectations. The company plans to increase marketing investment in the second and third quarters, while also completing upgrades to its EMEA logistics network and e-commerce capabilities. Those investments are expected to modestly pressure first-half margins, though management said it remains on track to meet its fiscal 2027 guidance, including its previously stated adjusted operating-margin target of 11% to 12%. Canada Goose also said its outlook assumes the tariff environment remains consistent with fiscal 2026. If proposed U.S. duties announced July 20 were implemented without mitigation, the company estimated the impact to fiscal 2027 operating margin would be less than 200 basis points. Management said it is evaluating measures to reduce any potential effect. Canada Goose Holdings Inc, traded on the NYSE under the symbol GOOS, is a Canadian design and manufacturing company specializing in premium outerwear. The firm is best known for its down-filled jackets and parkas, engineered to deliver high performance in extreme cold weather. Over time, Canada Goose has expanded its product range to include knitwear, fleece, footwear, and accessories, all designed with an emphasis on technical innovation, quality craftsmanship, and functional style. Founded in 1957 as Metro Sportswear Ltd. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Canada Goose Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.
Investor releaseQuarter not tagged2026-07-30Canada Goose Holdings Inc (GOOS) (Q1 2027) Earnings Call Highlights: Revenue Growth and Margin ...
GuruFocus.com
Canada Goose Holdings Inc (GOOS) (Q1 2027) Earnings Call Highlights: Revenue Growth and Margin ...
This article first appeared on GuruFocus. Revenue: $119 million, up 9% year-over-year. D2C Revenue: Increased 7% year-over-year, with double-digit growth in Asia Pacific and North America. D2C Comparable Sales: Declined 3% year-over-year. Wholesale Revenue: Grew 65% year-over-year. Gross Margin: Expanded by 100 basis points year-over-year to 62.4%. Adjusted EBIT Margin: Improved to negative 87% from negative 99% in the prior year, an expansion of over 10 percentage points. Adjusted Net Loss Attributable to Shareholders: $87 million, or $0.89 per share, improved from a loss of $88 million ($0.91 per share) in Q1 fiscal 2026. Inventory: $490 million, up 11% year-over-year. Net Debt: $628 million at quarter end, compared to $542 million in Q1 last year. Store Count: Opened four new permanent stores during the quarter, bringing the total to 92. Regional Revenue (Asia Pacific): Increased 35%, led by strong DTC and wholesale performance. Regional Revenue (North America): Declined 6% year-over-year, but increased when excluding other revenue. Regional Revenue (EMEA): Declined 7% year-over-year. Warning! GuruFocus has detected 3 Warning Sign with GOOS. Is GOOS fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted EBIT margin expanded over 10 percentage points year-over-year, marking the strongest first-quarter margin since fiscal 2020. Revenue grew 9% year-over-year, driven by strong demand for lifestyle products like apparel, rainwear, and windwear. Wholesale revenue surged 65% year-over-year, reflecting strong partner confidence and demand for expanded product assortment. Gross margin expanded by 100 basis points to 62.4%, supported by favorable channel and regional mix and positive pricing. E-commerce delivered double-digit growth across all regions, with strong customer acquisition and improved conversion rates. D2C comparable sales declined 3% year-over-year due to softer store traffic, particularly in EMEA and the US. Store traffic remained lower than desired, reflecting a soft macro environment and reduced international travel. EMEA revenue declined 7% year-over-year, with challenging macro conditions weighing on store sales and conversion. Inventory increased 11% year-over-year, driven by expanded product assortmen…Read full documentShow less
This article first appeared on GuruFocus. Revenue: $119 million, up 9% year-over-year. D2C Revenue: Increased 7% year-over-year, with double-digit growth in Asia Pacific and North America. D2C Comparable Sales: Declined 3% year-over-year. Wholesale Revenue: Grew 65% year-over-year. Gross Margin: Expanded by 100 basis points year-over-year to 62.4%. Adjusted EBIT Margin: Improved to negative 87% from negative 99% in the prior year, an expansion of over 10 percentage points. Adjusted Net Loss Attributable to Shareholders: $87 million, or $0.89 per share, improved from a loss of $88 million ($0.91 per share) in Q1 fiscal 2026. Inventory: $490 million, up 11% year-over-year. Net Debt: $628 million at quarter end, compared to $542 million in Q1 last year. Store Count: Opened four new permanent stores during the quarter, bringing the total to 92. Regional Revenue (Asia Pacific): Increased 35%, led by strong DTC and wholesale performance. Regional Revenue (North America): Declined 6% year-over-year, but increased when excluding other revenue. Regional Revenue (EMEA): Declined 7% year-over-year. Warning! GuruFocus has detected 3 Warning Sign with GOOS. Is GOOS fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted EBIT margin expanded over 10 percentage points year-over-year, marking the strongest first-quarter margin since fiscal 2020. Revenue grew 9% year-over-year, driven by strong demand for lifestyle products like apparel, rainwear, and windwear. Wholesale revenue surged 65% year-over-year, reflecting strong partner confidence and demand for expanded product assortment. Gross margin expanded by 100 basis points to 62.4%, supported by favorable channel and regional mix and positive pricing. E-commerce delivered double-digit growth across all regions, with strong customer acquisition and improved conversion rates. D2C comparable sales declined 3% year-over-year due to softer store traffic, particularly in EMEA and the US. Store traffic remained lower than desired, reflecting a soft macro environment and reduced international travel. EMEA revenue declined 7% year-over-year, with challenging macro conditions weighing on store sales and conversion. Inventory increased 11% year-over-year, driven by expanded product assortment and building stock for anticipated demand. Net debt rose to $628 million from $542 million a year ago, reflecting an increase in store lease liabilities. Here are the key highlights from the Canada Goose Holdings Inc (NYSE:GOOS) Q1 Fiscal 2027 earnings call, focusing on the most significant Q&A exchanges. Q: Can you help us identify the initiatives in place to improve store comps and narrow the gap between traffic trends and the improved e-commerce and conversion results? What are you seeing quarter-to-date across geographies? A: **Carrie Baker, President of Brand and Commercial**: The strong e-commerce performance is driven by our expanded lifestyle assortment (apparel, rainwear, windwear), brand-building investments, and an improved digital experience. In stores, while traffic is softer, conversion is up due to enhanced training and clienteling. We are not worried about a demand issue; it's a traffic issue we can address. **Neil Bowden, CFO**: We exited Q1 with flat performance in Asia, negative 1% in the US, and a more significant decline in Europe, which is consistent with early Q2 trends. Positives include increased basket size, pricing flowing through, and strong new customer acquisition rates. Q: Can you parse out the shift in timing of wholesale orders for Q1? What contributed to the 65% growth, and should we expect to give that back in Q2? A: **Neil Bowden, CFO**: The 65% growth was driven by a real increase in the order book year-over-year and early adoption of spring/summer products. We also got product into wholesale partners' hands earlier than expected due to strong inventory management. Less than half of the growth is timing-related and will balance out over the year. We are encouraged by in-season reordering and strong demand in pockets like Hainan Island and Korea. Q: What are you seeing with traffic relative to conversion in China? How are you thinking about marketing spend regionally to act as a catalyst for traffic? A: **Carrie Baker, President of Brand and Commercial**: We feel good about the Chinese consumer both at home and when they travel. Momentum in mainland China is encouraging, supported by improving brand awareness and desirability. In EMEA, the operating environment is more challenging, but underlying brand signals are strong. Marketing will be a catalyst for traffic. We had a deliberate lower spend in Q1 with improved ROAS, and as we step up marketing in Q2 and Q3, we expect positive results. Q: What are your latest thoughts on pricing for non-heavyweight down products? And what are the highlights of AI's impact across the business? A: **Carrie Baker, President of Brand and Commercial**: We monitor pricing carefully by category and against the competitive set. We have not seen any price resistance in the newer categories, which we feel good about. **Beth Clymer, President, Finance, Strategy & Administration**: We are experimenting with AI in customer-facing areas (call center, warranty, consumer data analysis), product creation (accelerating workflow and speed to market), and operational efficiency (speeding up daily reporting and decision-making). We are seeing great traction and building it into the business. Q: First quarter expenses were flattish, but implied margins in Q2 seem to deleverage. What spending levers are being pulled harder in Q2, and can you frame the H2 profit plan? A: **Neil Bowden, CFO**: We fully expect to deliver margin expansion for the full year (11% to 12% range). In Q2, we will pull three expense levers: a marketing step-up as we scale into peak season, spending on the logistics network upgrade in EMEA, and investment in the e-commerce platform. We are keeping a tight lid on corporate headcount and other costs, which should provide leverage in the back half of the year. Q: How much of the pressure in EMEA is self-inflicted from the logistics upgrade versus a tough macro environment? Are you seeing traffic or conversion pressure there? A: **Beth Clymer, President, Finance, Strategy & Administration**: We are definitely seeing traffic pressure in EMEA, which is the primary driver of the negative comps. We are also seeing more pressure on conversion in EMEA than in other markets, particularly in the UK. We do not believe there was any disruption from the logistics network upgrade in Q1, as most of the quarter operated under the old facility. The pressure is more related to macro factors, and we are focused on executing well in stores and engaging consumers through clienteling. Q: In the US, is the traffic pressure from customers dropping out, slower new customer acquisition, or slower frequency from recurring customers? How does this inform your marketing plan? A: **Carrie Baker, President of Brand and Commercial**: We don't see it as a customer issue. Customer traffic is down across the industry. Our deliberate choice to allocate marketing dollars to the upper funnel to drive brand heat and awareness may have slightly amplified this. We saw good efficiency from those choices. As we move into Q2 and Q3, we will look at other choices to drive more traffic into stores while maintaining discipline. Strong customer acquisition and conversion in e-commerce gives us confidence. Q: How are wholesale partners embracing new categories like rain, wind, and apparel? How do you expect that mix to evolve? A: **Dani Reiss, Chairman and CEO**: Wholesale is important and we are happy to see it grow again. Our partners are adopting the full range of products, demonstrating how consumers are leaning into our new diverse offering, including a much higher percentage of lifestyle apparel and lightweight down. **Carrie Baker, President of Brand and Commercial**: The response to the spring 2028 collection has been very strong. Partners are on board with the color palette, styles, and innovation, resulting in bigger order books and better in-store positioning. Q: You opened four stores in Q1. How are new store productivity and returns tracking? Has the current environment changed your appetite for further expansion? A: **Neil Bowden, CFO**: Absolutely not. We know there is a lot of white space for the brand. We keep a tight view on capital allocation and evaluate store performance against high benchmarks. The short-term traffic pressure does not give us any pause regarding the significant long-term opportunity to drive growth and profitability. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-07-30Canada Goose Reports First Quarter Fiscal 2027 Results
Business Wire
Canada Goose Reports First Quarter Fiscal 2027 Results
Delivered revenue of $118.9m, an increase of 10.3% on a reported basis (up 8.6% on a constant currency basis1) versus the prior year Expanded adjusted EBIT margin2 to (87.3)% from (98.7)% in the same period last year driven by gross margin expansion and SG&A leverage, reducing operating loss and adjusted EBIT2 to $(103.8)m DTC comparable sales decline3 was 3.2% in the first quarter, reflecting lower store comparable sales, partially offset by double-digit e-commerce growth across all regions Maintained strong balance sheet and healthy inventory position, with inventory turns increasing 11% year-over-year to 1.0x sales TORONTO, July 30, 2026--(BUSINESS WIRE)--Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today financial results for the first quarter ended June 28, 2026. All amounts are in Canadian dollars unless otherwise indicated. "Our first quarter is another proof point that our strategy is working," said Dani Reiss, Chairman & CEO of Canada Goose. "We’re successfully evolving Canada Goose into a year-round luxury brand, with customers engaging across more seasons and categories. We expanded gross margin, improved profitability, and deepened engagement around the world. Together, those results are building a stronger, more productive, and more profitable business." First Quarter Fiscal 2027 Business Highlights In the first quarter, we advanced initiatives across product, brand, and channels that are strengthening our operating model and positioning the business for sustainable long-term growth. Continued to expand year-round relevance with Apparel, Rainwear, and Windwear increasing their contribution to total revenue, supporting customer acquisition and driving engagement beyond traditional winter categories. Expanded brand visibility through our Spring/Summer '26 marketing campaigns, strengthening customer acquisition and expanding brand reach through a more disciplined mix of performance and brand-building investments, including our Snow Goose spring capsule and Natural Intelligence summer collection brand campaigns. Further strengthened our DTC operating model, with improvements in conversion and average order value, reflecting continued focus on delivering greater value from our retail network. In our first quarter, we opened four net new stores, bringing our store count to 92 as of the end of our first quarter. Subsequent to our first quarte…Read full documentShow less
Delivered revenue of $118.9m, an increase of 10.3% on a reported basis (up 8.6% on a constant currency basis1) versus the prior year Expanded adjusted EBIT margin2 to (87.3)% from (98.7)% in the same period last year driven by gross margin expansion and SG&A leverage, reducing operating loss and adjusted EBIT2 to $(103.8)m DTC comparable sales decline3 was 3.2% in the first quarter, reflecting lower store comparable sales, partially offset by double-digit e-commerce growth across all regions Maintained strong balance sheet and healthy inventory position, with inventory turns increasing 11% year-over-year to 1.0x sales TORONTO, July 30, 2026--(BUSINESS WIRE)--Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today financial results for the first quarter ended June 28, 2026. All amounts are in Canadian dollars unless otherwise indicated. "Our first quarter is another proof point that our strategy is working," said Dani Reiss, Chairman & CEO of Canada Goose. "We’re successfully evolving Canada Goose into a year-round luxury brand, with customers engaging across more seasons and categories. We expanded gross margin, improved profitability, and deepened engagement around the world. Together, those results are building a stronger, more productive, and more profitable business." First Quarter Fiscal 2027 Business Highlights In the first quarter, we advanced initiatives across product, brand, and channels that are strengthening our operating model and positioning the business for sustainable long-term growth. Continued to expand year-round relevance with Apparel, Rainwear, and Windwear increasing their contribution to total revenue, supporting customer acquisition and driving engagement beyond traditional winter categories. Expanded brand visibility through our Spring/Summer '26 marketing campaigns, strengthening customer acquisition and expanding brand reach through a more disciplined mix of performance and brand-building investments, including our Snow Goose spring capsule and Natural Intelligence summer collection brand campaigns. Further strengthened our DTC operating model, with improvements in conversion and average order value, reflecting continued focus on delivering greater value from our retail network. In our first quarter, we opened four net new stores, bringing our store count to 92 as of the end of our first quarter. Subsequent to our first quarter, we published our fiscal 2026 Impact Report4, showcasing the progress of our sustainability impact strategy, including a 50% reduction in Scope 1 and Scope 2 emissions from our fiscal 2019 baseline. First Quarter Financial Highlights5 All Year-Over-Year Comparisons Unless Otherwise Noted Total revenue increased 10.3% to $118.9m, up 8.6% on a constant currency basis1. Gross profit increased 12.1% to $74.2m due to higher revenue. Gross margin was 62.4% compared to 61.4% in the first quarter of fiscal 2026, reflecting favourable channel mix and region mix. Selling, general and administrative (SG&A) expenses were $178.0m, compared to $224.9m in the prior year period. The decrease is primarily due to non-recurrence of an arbitration award payment and an earn-out associated with our European knitwear manufacturer recognized in the prior year period. Operating loss was $(103.8)m, compared to operating loss of $(158.7)m in the prior year period, attributable to higher gross profit and lower SG&A expenses. Net loss attributable to shareholders was $(90.8)m, or $(0.93) per basic and diluted share, compared with a net loss attributable to shareholders of $(125.2)m, or $(1.29) per basic and diluted share in the prior year period. Adjusted EBIT2 was $(103.8)m, compared to $(106.4)m in the prior year period. Adjusted EBIT margin2 was (87.3)%, compared to (98.7)% in the prior year period. Adjusted net loss attributable to shareholders2 was $(86.5)m, or $(0.89) per basic and diluted share, compared with an adjusted net loss attributable to shareholders of $(88.2)m, or $(0.91) per basic and diluted share in the prior year period. Balance Sheet Highlights Inventory of $489.9m for the first quarter ended June 28, 2026 was up 11% year-over-year, primarily reflecting an expanded product assortment, a larger wholesale order book, and planned production growth to support anticipated demand for Fall/Winter '26. The Company ended the first quarter of fiscal 2027 with net debt2 of $627.8m, compared to $541.7m at the end of the first quarter of fiscal 2026, with net debt leverage of 2.1 times adjusted EBITDA, compared to 1.8 times adjusted EBITDA in the same period last year. This increase was mainly due to an increase in lease liabilities. Fiscal 2027 Outlook This outlook constitutes forward-looking information within the meaning of applicable securities laws. The purpose of this outlook is to provide a description of management's expectations regarding the Company's annual financial performance and may not be appropriate for other purposes. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond the Company’s control. Please see Cautionary Note Regarding "Forward Looking Statements" below for more information. Based on our current visibility into the business and the progress of initiatives already underway, we reiterate our fiscal 2027 outlook as set forth below. Our outlook reflects our current assessment of operating conditions, underlying demand trends, and the level of execution we believe is achievable. For fiscal 2027, we expect: Revenue to increase approximately low-single digits compared to the prior year. Adjusted EBIT margin2 to be in the range of 11% to 12%. Our outlook assumes: Revenue growth is driven by pricing actions already implemented, increased depth in our product assortment, a larger wholesale order book, and new store openings, partially offset by lower consumer demand relative to fiscal 2026, including softer traffic in key markets, reduced consumer confidence, and lower travel. Gross margin expands, reflecting the benefit of pricing actions and operational efficiencies embedded in fiscal 2026 production and favourable channel mix, partially offset by product mix, raw material inflation, and supply chain cost pressures from current disruptions SG&A declines as a percentage of revenue, as we balance disciplined cost management with targeted investments across channels, marketing, and technology, driving operating leverage on a consolidated basis. No material impact from U.S. duties announced on July 20, 2026, and which are currently stated to come into effect on August 19, 2026. Such duties, if and when in effect, would currently be expected to apply to a broad range of Canadian and other goods globally, including goods qualifying under the Canada-United States-Mexico Agreement (CUSMA) such as certain of the Company’s products. Considering, among other things, the rapidly evolving Canada/U.S. trade environment and developments that may occur before or after such stated effective date, the extent to which such duties, together with any related retaliatory measures or further changes in trade policy, will affect the Company and impact its business and results of operations, remains uncertain. Conference Call Information The Company will host the conference call at 8:30 a.m. EDT on July 30, 2026. The conference call can be accessed by using the following link: https://events.q4inc.com/attendee/994265778. After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A live webcast of the conference call will also be available on the investor relations page of the Company's website at http://investor.canadagoose.com. About Canada Goose Canada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam. For more information, visit www.canadagoose.com. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws, including statements relating to our fiscal 2027 financial outlook, the related assumptions included herein including developments relating to the U.S. duties announced on July 20, 2026 and their impacts, the execution of our proposed sustainability strategies, emission and energy consumption and targets, business strategy and our expected operating performance and prospects. These forward-looking statements generally can be identified by the use of words such as "believe," "could," "continue," "expect," "estimate," "may," "potential," "would," "will," and other words of similar meaning. Each forward-looking statement contained in this press release is subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the impact on our operations of the current global economic conditions and international trade environment and their evolution, including developments relating to the U.S. duties announced on July 20, 2026 and their impacts as further discussed herein, as well as the other risk factors that are discussed under "Cautionary Note Regarding Forward-Looking Statements" and "Factors Affecting Our Performance" in our Management’s Discussion and Analysis ("MD&A") for the year ended March 29, 2026 and for the first quarter ended June 28, 2026, as well as under "Risk Factors" in our Annual Report on Form 20-F for the year ended March 29, 2026. In respect of our sustainability strategies and emission targets, risks and uncertainties also include scientific or technological developments, evolving sustainability strategies, changes in carbon markets, and evolving government regulations or changes in circumstances of our business. You are also encouraged to read our filings with the SEC, available at www.sec.gov, and our filings with Canadian securities regulatory authorities available on SEDAR+ at www.sedarplus.ca for a discussion of these and other risks and uncertainties. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. We caution investors not to rely on the forward-looking statements contained in this press release when making an investment decision in our securities. Although we base the forward-looking statements contained in this press release on assumptions that we believe are reasonable, we caution readers that actual results and developments (including our results of operations, financial condition and liquidity, the achievement of our targets, goals and commitments (including our emission targets), and the development of the industry in which we operate) may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional impacts may arise that we are not aware of currently. The potential of such additional impacts intensifies the business and operating risks which we face, and these should be considered when reading the forward-looking statements contained in this press release. In addition, even if results and developments are consistent with the forward-looking statements contained in this press release, those results and developments may not be indicative of results or developments in subsequent periods. As a result, any or all of our forward-looking statements in this press release may prove to be inaccurate. No forward-looking statement is a guarantee of future results. Moreover, we operate in a highly competitive and rapidly changing environment in which new risks often emerge. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements. You should read this press release and the documents that we reference herein completely and with the understanding that our actual future results may be materially different from what we expect. The forward-looking statements contained herein are made as of the date of this press release (or as of the date specifically indicated therein), and we do not assume any obligation to update any forward-looking statements except as required by applicable laws. Non-IFRS Financial Measures and Other Specified Financial Measures This press release includes references to certain non-IFRS financial measures such as adjusted EBIT, adjusted EBITDA, adjusted net loss attributable to shareholders of the Company, net debt, and constant currency revenue and certain non-IFRS ratios such as adjusted EBIT margin, adjusted net loss per basic and diluted share attributable to the shareholders of the Company and net debt leverage. These financial measures are employed by the Company to measure its operating and economic performance and to assist in business decision-making, as well as providing key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, certain investors and analysts use this information to evaluate the Company’s operating and financial performance. These financial measures are not defined under IFRS Accounting Standards nor do they replace or supersede any standardized measure under IFRS Accounting Standards. Other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures. Additional information, including definitions and reconciliations of non-IFRS financial measures to the nearest IFRS financial measure can be found in our MD&A for the first quarter ended June 28, 2026, under "Non-IFRS Financial Measures and Other Specified Financial Measures". Such reconciliations can also be found in this press release under "Reconciliation of Non-IFRS Measures" below. This press release also includes references to DTC comparable sales (decline) growth which is a supplementary financial measure defined as a rate of (decline) growth of sales on a constant currency basis from e-Commerce sites and stores which have been operating for one full year (12 successive fiscal months). The measure excludes store sales from both periods for the specific trading days when the stores were closed, whether those closures occurred in the current period or the comparative period. Reconciliation of Non-IFRS Measures The tables below reconcile net loss to adjusted EBIT, adjusted EBITDA, adjusted net loss attributable to shareholders of the Company for the periods indicated, constant currency revenue to revenue across segments and geographies, and net debt for purposes of presenting its calculation. Revenue by Geography View source version on businesswire.com: https://www.businesswire.com/news/home/20260730127597/en/ Contacts Investors: [email protected] Media: [email protected]
Investor releaseQuarter not tagged2026-07-30Canada Goose: Fiscal Q1 Earnings Snapshot
Associated Press
Canada Goose: Fiscal Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Canada Goose Holdings Inc. (GOOS) on Thursday reported a loss of $65.6 million in its fiscal first quarter. The Toronto-based company said it had a loss of 67 cents per share. Losses, adjusted for non-recurring costs, came to 64 cents per share. The high-end coat maker posted revenue of $85.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOS at https://www.zacks.com/ap/GOOS
Investor releaseQuarter not tagged2026-07-30Canada Goose Narrows Quarterly Loss Amid Revenue Gains
WWD
Canada Goose Narrows Quarterly Loss Amid Revenue Gains
Updated at 4:24 p.m. July 30. Canada Goose increased revenues and reduced losses last quarter, a sign the company’s multiyear drive to widen its luxury assortment and tighten cost controls is working. More from WWD Brunello Cucinelli Sees Strong H1 and Nudges Up Its Annual Sales Guidance Hermès Q2 Sales Accelerate on Strong U.S. Demand and Leather Goods Growth Perfect Corp. Delivers Higher Net Income on Stronger Gross Margins For the first quarter ended June 28, total revenue increased 10.3 percent to $118.9 million from $107.8 million, up 8.6 percent on a constant currency basis. All figures are expressed in Canadian dollars, except for per share prices, which are in U.S. dollars. The operating loss narrowed to $103.8 million compared with $158.7 million in the prior-year period, which executives attributed to higher gross profit and lower expenses across the board. The net loss was $90.8 million, or 93 cents a share, compared with $125.2 million, or $1.29 per share, a year ago. Adjusted earnings before interest and taxes tallied $103.8 million, down slightly from $106.4 million a year earlier. Gross margin was 62.4 percent compared with 61.4 percent in the year-ago period, reflecting favorable channel mix and region mix. “I feel really good about the first quarter,” Dani Reiss, chairman and chief executive officer of Canada Goose, told WWD on Thursday. “The first quarter is the smallest of the year, but our initiatives are playing out really well. The top line was good and the margins came in strong as well. “Apparel, rainwear and windwear have started to see great traction more recently,” Reiss said. “These categories represented nearly 40 percent of our revenues last quarter, as much as the entire company generated eight years ago in the quarter. Five years ago, those categories represented just 5 percent of the business. By last year, they had grown to 15 percent of annual revenue and they continue to expand. Diversity has been successful, and it’s been without losing sight of who we are, our DNA, and growing the core,” which is outerwear. Rainwear was introduced in 2015, knitwear in 2017, and windwear in 2020. Within apparel, fleece knitwear shirts and bottoms have been standouts. Asked if additional new products or categories were being tested, Reiss said, “We do have some new categories in the works that aren’t on the shelves yet. You’ll have to wait…Read full documentShow less
Updated at 4:24 p.m. July 30. Canada Goose increased revenues and reduced losses last quarter, a sign the company’s multiyear drive to widen its luxury assortment and tighten cost controls is working. More from WWD Brunello Cucinelli Sees Strong H1 and Nudges Up Its Annual Sales Guidance Hermès Q2 Sales Accelerate on Strong U.S. Demand and Leather Goods Growth Perfect Corp. Delivers Higher Net Income on Stronger Gross Margins For the first quarter ended June 28, total revenue increased 10.3 percent to $118.9 million from $107.8 million, up 8.6 percent on a constant currency basis. All figures are expressed in Canadian dollars, except for per share prices, which are in U.S. dollars. The operating loss narrowed to $103.8 million compared with $158.7 million in the prior-year period, which executives attributed to higher gross profit and lower expenses across the board. The net loss was $90.8 million, or 93 cents a share, compared with $125.2 million, or $1.29 per share, a year ago. Adjusted earnings before interest and taxes tallied $103.8 million, down slightly from $106.4 million a year earlier. Gross margin was 62.4 percent compared with 61.4 percent in the year-ago period, reflecting favorable channel mix and region mix. “I feel really good about the first quarter,” Dani Reiss, chairman and chief executive officer of Canada Goose, told WWD on Thursday. “The first quarter is the smallest of the year, but our initiatives are playing out really well. The top line was good and the margins came in strong as well. “Apparel, rainwear and windwear have started to see great traction more recently,” Reiss said. “These categories represented nearly 40 percent of our revenues last quarter, as much as the entire company generated eight years ago in the quarter. Five years ago, those categories represented just 5 percent of the business. By last year, they had grown to 15 percent of annual revenue and they continue to expand. Diversity has been successful, and it’s been without losing sight of who we are, our DNA, and growing the core,” which is outerwear. Rainwear was introduced in 2015, knitwear in 2017, and windwear in 2020. Within apparel, fleece knitwear shirts and bottoms have been standouts. Asked if additional new products or categories were being tested, Reiss said, “We do have some new categories in the works that aren’t on the shelves yet. You’ll have to wait until fall to see some new stuff.” While the quarter performance was generally good, “Store traffic in North America was not where we liked it, but that’s not an indicator of brand health,” Reiss said. “Conversion in stores has increased. The execution in the stores is much better and products are resonating better.” The decline in store traffic, he said, was due to macroeconomic conditions. Direct-to-consumer revenue increased 8.6 percent to $84.8 million, due to a stronger performance in Asia-Pacific and North America. DTC comparable sales declined 3.2 percent primarily reflecting softer comparable-store sales, partially offset by double-digit e-commerce growth. Wholesaling was among the bright spots last year, as revenue increased 66.5 percent to $29.8 million, driven by strong orders and reorders, Reiss said. “Spring 2027 orders coming in now are very strong.” He cited Nordstrom, Bloomingdale’s, Holt Renfrew and Harry Rosen as among the top accounts. The Toronto-based company projects full-year revenue up low-single digits and adjusted EBIT margin in the range of 11 to 12 percent. Reiss said the company is carefully monitoring the tariff situation, but does not expect to see a material impact from U.S. duties announced July 20 and scheduled to take effect Aug. 19. Prices on some Canada Goose products will be affected and if the duties are implemented as proposed, and assuming no mitigating actions were taken, Canada Goose estimates that the impact to this year’s operating margin would be less than 200 basis points. Canada Goose opened four stores during the quarter, bringing the store count to 92. This included a new Vancouver location, which showcases the brand’s latest design. In other statistics, inventory rose 11 percent from a year earlier to $489.9 million at the end of the quarter, reflecting an expanded product assortment, a larger wholesale order book, and planned production growth to support anticipated demand for fall ‘26. SG&A expense decreased 21 percent year-over-year. During a conference call with industry analysts and investors, Reiss said, “We delivered revenue growth of 9 percent driven by strong demand for our expanding lifestyle product offering, including apparel, rainwear and windwear. We also achieved healthy gross margin expansion in the season with a greater mix of spring-summer categories, while higher channel margins and disciplined cost management further supported profitability. Together, these results demonstrate that the strategic investments we have made over the past several years are translating into stronger financial performance, as planned.” The CEO cited three priorities for this fiscal year: to deepen brand desire through more effective marketing and translate that into increased demand, scale a repeatable product playbook across seasons and drive greater year-round relevance, and improve channel productivity and capital efficiency. The brand’s bottom-line loss of 64 cents a share was a bit more than the Zacks Consensus Estimate of 63 cents, but the quarter’s revenues of $85.9 million surpassed the Zacks Consensus Estimate. On Thursday, Canada Goose’s stock price closed up 0.1 percent to $9.26. Best of WWD Macy’s Is Closing 66 Stores in 2025 — Here’s the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Sign up for WWD's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Investor releaseQuarter not tagged2026-07-30Canada Goose Fiscal Q1 Adjusted Loss Narrows, Revenue Increases
MT Newswires
Canada Goose Fiscal Q1 Adjusted Loss Narrows, Revenue Increases
Canada Goose (GOOS) reported a fiscal Q1 adjusted net loss Thursday of 0.89 Canadian dollars ($0.63)
Investor releaseQuarter not tagged2026-07-30Canada Goose Narrows Fiscal Q1 2027 Adjusted Net Loss YoY
MT Newswires
Canada Goose Narrows Fiscal Q1 2027 Adjusted Net Loss YoY
Canada Goose Holdings (GOOS.TO) reported fiscal first-quarter 2027 adjusted net loss attributable to
TranscriptFY2027 Q12026-07-30FY2027 Q1 earnings call transcript
Earnings source - 80 paragraphs
FY2027 Q1 earnings call transcript
Hello, everyone. Thank you for joining us, and welcome to the Canada Goose first quarter 2027 earnings call. After today's prepared remarks, we will host a question and answer session. If you'd like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Anna Raman. Anna, please go ahead.
Good morning, everyone, and thank you for joining us today on the Canada Goose Q1 fiscal 2027 earnings call. Today, you'll hear from Dani Reiss, our Chairman and CEO; Neil Bowden, Chief Financial Officer; Carrie Baker, President of Brand and Commercial; and Beth Clymer, President, Chief Operating Officer. We'll start with prepared remarks from Dani and Neil and then open up the call for questions. Today's presentation will contain forward-looking statements that are based on assumptions and therefore are subject to risks and uncertainties that could cause actual results to differ materially from those projected. We undertake no obligation to update these statements except as required by law. Further information regarding these assumptions, risks, and uncertainties is included in our press release issued earlier today and available on the investor relations section of our website.
We report in Canadian dollars, the amounts discussed today are in Canadian dollars unless otherwise indicated. Please note the financial results described on today's call will compare first quarter results ended June 28th, 2026, with the same period ended June 29th, 2025, and stated percentage changes are in constant currency unless otherwise noted. Lastly, our commentary today will also include certain non-IFRS financial measures, which are reconciled at the end of our earnings press release. With that, I'll turn the call over to Dani.
Good morning, everyone, and thank you for joining us. Last quarter, I shared our commitment to developing profit margin expansion in fiscal 2027. We are pleased to be off to a strong start. In the first quarter, we expanded adjusted EBIT margin over 10 percentage points year-over-year, marking our strongest first quarter adjusted EBIT margin since fiscal 2020. This performance reflects meaningful progress across the business. We delivered revenue growth of 9%, driven by strong demand for our expanding lifestyle product offering, including apparel, rainwear, and windwear. We also achieved healthy gross margin expansion in the season with a greater mix of spring/summer categories, while higher channel margins and disciplined cost management further supported profitability. Together, these results demonstrate that the strategic investments we have made over the past several years are translating into stronger financial performance as planned.
We've identified three key priorities for fiscal 2027 to continue strengthening our year-round relevance with consumers while driving sustainable growth and profitability. Our first quarter performance continues to show these priorities are working. Our first priority is to deepen brand desire through more effective marketing and translate that into increased demand. In Q1, we continued to see the investments we set in motion last year contribute to stronger consumer engagement. Brand desire strengthened in mainland China and continental Europe. This highlights the positive response to the way we are bringing the brand to life through both compelling campaigns and elevated retail experiences. While traffic across parts of our store network remained lower than we would have liked, largely reflecting a soft macro environment, we continue to see encouraging indicators of consumer interest, including strong e-commerce profit growth and healthy customer acquisitions.
We also continue to see desirability and awareness outperform competitive benchmarks in key markets. Together, these key indicators reinforce the strength of the brand and its ability to connect with both existing and with new consumers. Our focus remains on deepening consumer engagement within the brand and expanding our relevance across more seasons and occasions. As we continue to build demand in our spring/summer categories alongside strong engagement across established categories, we believe our planned increase in marketing investment through the second and third quarters positions us well to convert that growing interest into sales. Our second priority is to scale a repeatable product playbook across seasons and drive greater year-round relevance. We are thrilled by the response to our spring/summer collection, the largest in our history.
The assortment was met with exceptional customer demand across direct-to-consumer and wholesale, with apparel, which includes fleece knitwear, shirts, and bottoms, as well as rainwear and windwear, leading category growth and expanding their share of first quarter revenue. Apparel, rainwear, and windwear accounted for nearly 40% of our first quarter revenue. To put that in perspective, these categories generated as much revenue this quarter as our entire company did in the first quarter eight years ago. That is a remarkable illustration of how Canada Goose has evolved. In fiscal 2022, these categories represented just 5% of our business. By fiscal 2026, they had grown to 15% of our total revenue, and we continue to see significant opportunity ahead. What is notable is that this growth is additive. Down-filled outerwear also grew in the quarter. In addition to strong customer response to both newer and established categories.
This demonstrates our ability to build a more balanced business throughout the year while remaining true to what makes Canada Goose distinctive, which we believe is the right way to operate. Our third priority is to improve channel productivity and capital efficiency. We made meaningful progress against this priority in the first quarter. Customers increasingly engaged through direct-to-consumer and wholesale channels, contributing to strong growth in both parts of the business. Direct-to-consumer and wholesale channel segment margins also expanded, demonstrating that we are improving both the sales productivity and profitability of our business. Wholesale delivered an outstanding quarter and was one of the clearest proof points of the momentum we are seeing across the business. Revenue increased 65% year-over-year, driven by a strong order book and customer reorders through the quarter, as well as on shipping timing.
We view this as an important validation of our strategy, reflecting strong partner confidence in the brand and growing demand for our expanded product assortment. That confidence is reinforced by the strength of our spring-summer 2027 order book, which positions us well as we look ahead. Direct-to-consumer revenue increased 7% year-over-year in the first quarter, led by strong e-commerce performance across all regions. D2C comparable sales declined 3% year-over-year, driven by the traffic pressures I previously mentioned. While these pressures were seen across the luxury retail industry, our teams responded with strong in-store execution. Conversion and units per transaction increased year-over-year, benefiting from actions we took to better align labor investments with customer demand, ongoing staff training, product availability, and continuing to enhance the in-store experience.
We also continue to strengthen our retail network, opening four new stores during the quarter, bringing our permanent store counts to 92. This included our new Vancouver location, which showcases our latest design concept and further elevates the Canada Goose experience. In closing, the first quarter reflects the progress we are making to build a stronger, more diversified, and more profitable Canada Goose. We are expanding the reach of the brand, building a more balanced product portfolio, and creating new opportunities for growth across channels and occasions. The strong response to newer categories, alongside continued demand for our iconic core offerings, is helping drive both top-line growth and margin expansion, demonstrating that we can expand the reach of the brand while strengthening the profitability of the business. We are excited about the progress we are seeing, and we remain focused on building on that momentum through continued execution.
With that, I will turn it over to Neil.
Thanks, Dani, and good morning, everyone. As Dani noted, in a year where we expect to deliver operating margin expansion, Q1 was a solid start. Growth in our D2C and wholesale channels, gross margin expansion, and an appropriate mix of investment and cost control delivered meaningful adjusted EBIT margin expansion as we navigate a mixed consumer environment. Let's get into the details. Revenue in the first quarter was CAD 119 million, up 9% year-over-year, with growth in both D2C and wholesale. While revenue in our other channel saw a planned decline. Excluding the impact of other revenue in both periods, total revenue increased 16% year-over-year. D2C was up 7% year-over-year, with double-digit growth in Asia Pacific and North America. Within D2C, both our retail and digital channels grew, including double-digit growth in e-commerce.
D2C comparable sales declined 3% year-over-year due to lower comparable store sales, partially offset by strong e-commerce growth. Store performance was impacted by softer traffic trends, particularly in EMEA, reflecting a more challenging macro environment and lower international travel. Looking ahead, we plan to increase marketing investment and continue refining the balance between upper and lower funnel activity to drive traffic, strengthen conversion, and support growth across both our store and e-commerce channels. In wholesale, revenue grew 65% year-over-year, driven by higher in-season demand, an increase in order book shipments, and timing of shipments in the quarter. Our momentum in wholesale serves as a meaningful indicator of our brand health and partner demand for our expanded assortment. Other revenue was down 64% year-over-year due to minimal activity during the quarter as planned. Turning now to regional performance.
In Asia Pacific, revenue increased 35%, led by strong D2C and wholesale performance. Mainland China led the region's growth with continued strength in e-commerce and improved conversion across several key stores. Wholesale revenue was also strong in the region, benefiting from shipment timing in the quarter and strength from our wholesale presence on Hainan Island and in Korea. Demand was supported by both local consumers and regional travel flows, with Chinese consumers continuing to shop in nearby destinations across Asia. In North America, revenue declined 6% year-over-year, but increased when excluding other revenue. We achieved double-digit growth in each of our critical channels, D2C and wholesale. Positive performance in Canada did not offset softer store traffic in the U.S., resulting in D2C comparable sales decline of 1%. EMEA revenue declined 7% year-over-year as strengthened wholesale and e-commerce was offset by softer store sales.
D2C comparable sales declined as challenging macro conditions continued to weigh on the region, consistent with the broader industry trends. Now turning to the income statement. Gross margin expanded by 100 basis points year-over-year to 62.4%, favorably impacted by channel and regional mix. Pricing was positive and offset modest cost inflation. SG&A expense decreased 21% year-over-year. In Q1 of last year, we had two items that materially increased our SG&A expense and did not recur. In Q1 of this year, we benefited from the collection of receivables from customers that we had previously determined would not occur. Normalizing for these items, SG&A expense increased 6% year-over-year, translating to SG&A leverage, which reflects progress across three areas. First, marketing spend as a percentage of revenue decreased 490 basis points year-over-year.
This reflects both improving marketing efficiency and a deliberate approach to pacing investments throughout the year, aligning spend with periods where we expect the strongest customer demand and return on investment. Second, higher revenue across our wholesale and D2C channels drove meaningful operating leverage, allowing us to absorb fixed costs across a larger revenue base. Finally, we managed corporate spending as planned to support our key growth initiatives. We recorded an adjusted EBIT loss in our first quarter of CAD 104 million versus a loss of CAD 106 million in Q1 of last year, resulting in an adjusted EBIT margin of negative 87%, an improvement from negative 99% in the same period last year. This improvement was achieved despite softer D2C comparable sales. Continued progress in channeled productivity and more effective store labor management helped drive operating leverage and support margin expansion during the quarter.
Critically, we've made investments in our business over the first quarter, including several stores that will open either later this year or in fiscal 2028, and in our logistics network in EMEA. Balancing these investments while expanding margin remains our key focus. Adjusted net loss attributable to shareholders was CAD 87 million, or CAD 0.89 per share, which improved from a loss of CAD 88 million, or CAD 0.91 per share, in Q1 of fiscal 2026. Turning to the balance sheet. Inventory was CAD 490 million, up 11% year-over-year, reflecting our expanded product assortment, a larger wholesale order book, and the building of a stronger stock position to support anticipated demand for fall/winter 2027. Inventory turns was one times sales, up 11% over Q1 of last year and 25% over two years ago.
We feel very good about the quality and composition of our inventory, which positions us well to support expected wholesale demand, maintain flexibility across channels, and execute the planned upgrade of our EMEA logistics network while continuing to serve customers and partners effectively. Net debt at quarter end was CAD 628 million, compared to CAD 542 million at Q1 last year, reflecting an increase in store lease liabilities.
We took advantage of favorable market conditions late in the quarter to reprice our term loan, delivering a 50 basis point reduction to our credit spread. Before closing, I'll briefly touch on our early view of the second quarter. Following a stronger than expected start to the year, we expect first half growth to moderate somewhat from the pace delivered in Q1. The consumer environment remains mixed in the early weeks of Q2. Store traffic trends are consistent with Q1, while e-commerce remains strong.
Improving store productivity continues to be an important area of focus. Against that backdrop, wholesale demand continues to track in line with our expectations. As a reminder, the first quarter benefited from executing a stronger wholesale order book than the prior year. While consumer demand remains uneven across markets, we are encouraged by the underlying strength of the brand, continued product momentum, and the progress we are making across our strategic priorities. As we told you in our fourth quarter, we are making upgrades to our logistics network in EMEA and our e-commerce capabilities, with most of these investments expected to be completed in the first half of the year. We believe these investments will strengthen the customer experience and improve operational efficiency.
This, in addition to the ramp up in marketing investments in our second quarter, is expected to modestly pressure margins in the first half of fiscal 2027, consistent with what we told you in May. A brief comment on the current trade and tariff environment. Our outlook assumes the tariff environment remains consistent with fiscal 2026. The announcement from the U.S. government on July 20th indicates that a portion of our products would be affected if the proposed measures were implemented. The situation remains fluid and we continue to monitor developments between Canada and the U.S. and assess potential implications for our business. As a global business, we have successfully managed tariff and trade-related changes across our supply chain and cost structure over time while materially expanding gross margin.
If the announced duties were implemented as proposed and assuming no mitigating actions were taken, we estimate that the impact to our fiscal 2027 operating margin would be less than 200 basis points. We are actively evaluating mitigation measures and believe we have a range of options available to help minimize potential impact. Our first quarter revenue growth, margin expansion, and the progress we made across our strategic priorities reinforce our confidence in the year ahead.
We remain on track to deliver our fiscal 2027 guidance and are focused on investing behind our brand, driving product innovation, and strengthening DTC execution as we continue to build sustainable, profitable growth. With that, operator, please open the line for questions.
Thank you. We will now begin the question and answer session. Please limit yourself to one question and one follow-up. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. We ask that you pick up your handset when asking a question to allow for optimum sound quality. If you're muted locally, please remember to unmute your device. Please stand by while we compile the Q&A roster. Your first question comes from the line of Brooke Roach from Goldman Sachs. Please go ahead.
Good morning, thank you for taking our question. Neil, Dani, I was hoping that you could help us identify the initiatives that you have in place to improve the store comps that you're seeing across geographies and narrow the gap between the traffic trends that you're seeing in your business versus the improved e-com and conversion results that you're seeing in the rest of your DTC business. How should we be thinking about bridging those gaps? Can you give us a little bit more detail on what you're seeing quarter-to-date across geographies and how that bridges into your expectations for DTC growth for the rest of the year? Thank you.
Hi, Brooke. It's Carrie. I'll take that first one. In store-- Let me start actually with e-com. As you heard us talk in the remarks, e-com was extremely strong this quarter, and that reflects deliberate work, not just in the quarter, but over the last few years. There's a few things driving that. One, you heard Dani talk about our expanded lifestyle assortment, apparel, rainwear, windwear. That's really giving consumers a new chance to come in and shop us this season. Second, the brand building and customer acquisitions investments we've made, those are showing up with more traffic, more engagement. Third, we've just made the digital experience better and easier to shop. Some of that is also translating in-store. You heard us talk about the training programs that we've launched in-store. We've launched clienteling and really boosted that.
That is driving significant amount and a different behavior in the way we're engaging our consumers. Again, when they're coming through the stores, even though we're seeing a little bit of softer traffic, when they come through, it's working. They're converting. They're responding to the products. They're loving what we have to shop right now, wear now. That is driving meaningful difference in terms of just how people think about Canada Goose as a relevant brand in the season. There's a lot of things coming together, both the product is working well, the marketing is driving people to discover different Canada Goose, and then when they come in, they're loving what they're seeing. All of those coming together are working quite well for us. The second question on bridging traffic and conversion trends. That's our job, right?
Our job is to make sure that the underlying demand, what we're driving is healthy, that we're acquiring more customers, we're engaging with customers in a different way for different products. In stores, they are converting. We're not worried at all about a demand issue. This is really a softer traffic, and we can do something about that. We have levers. Clienteling, as we said. You heard Neil talk about how we are going to step up marketing in Q2 and Q3. That makes sense. It's aligning activity against the highest demand season. That's what we're focused on, and that's what we believe will deliver.
Just as it relates to the performance across the regions, Brooke, I'll just put some context around, first of all, around the first quarter and then sort of echo some of the comments that we made in the prepared remarks. We exit the first quarter with basically flat performance in Asia, negative one in the U.S., and much more significant decline in Europe, which is probably not unexpected. That's pretty consistent with what we're looking at in the very early days of Q2. As a reminder, we're at the build phase, July relative to August relative to September, it's just much, much lower, I'm not drawing any conclusions from that. Aside from the actions that Carrie outlined, I think we're really trying to focus on where we see definite positives, what were those in the first quarter?
First, increase in basket size, people buying more stuff from us. Second, the pricing that we implemented at the beginning of the year flowing through, and so we're getting more CAD on a per consumer basis. We love the acquisition rates of new customers, whether that's e-commerce or in stores. While we're kind of navigating lower traffic, we love what we're seeing in terms of conversion up everywhere. In the early days here of the second quarter, those trends continue.
Great. Thanks so much. I'll pass it on.
Your next question comes from the line of Rick Patel from Raymond James. Please go ahead.
Hi, this is Josh Reiss on for Rick. Thanks so much for taking the questions. Is there any way that we can parse out the shift in timing of wholesale orders for Q1? Just trying to understand what that contributed to Q1 growth and what spikes should we expect to get that back in Q2 or later in the year? Thank you.
Yeah, sure. Q1 was 65% growth in wholesale. A lot of that is real order book increase year-over-year. Certainly early adoption of or broad adoption of spring. We got some of that in kind of in the early part of our quarter, we started as given the inventory position, the real quality work done by the supply chain team here at Canada Goose. We got product in the hands of wholesale consumers earlier than expected, that's good. I think our view is less than half the growth is really timing related, that will balance out over the year. We are really encouraged about the response to the product. Obviously, we knew what the order book was coming in season reordering demanded in some pockets as we heard, Hainan Island, Korea.
Some nice underlying growth that is obviously more than just timing.
Thank you. If I could, one more. Can you talk about how much of the growth in Q1 was driven by pricing versus units? Was that pricing benefit more uniform across geographies, or was it more centered in certain regions?
Yeah. We implemented the pricing at the beginning of the quarter. I think the assumption and the effect was about a mid-single-digit increase. Obviously, there's a lot of newness difference year-over-year, it's not quite a pure mid-single-digit growth coming from products. We had good, healthy unit sales. Some benefit from pricing, really not a meaningful mover of the revenue.
I can just chime in, just from a consumer response perspective. To me, it's like when a brand is desired, there isn't price resistance, and we're not seeing that. Customers see the value. They see the newness. They see the style that's much cooler. It's a different Canada Goose, we're just not seeing any resistance to that, which is a great sign from a consumer experience.
Yeah. Much for the comment. I'll pass it on.
Yes.
Your next question comes from the line of Oliver Chen from TD Cowen. Please go ahead.
Hi. Thank you. Regarding China, what are you seeing with traffic relative to conversion? You had some nice momentum there, and brand desirability looks solid. Then as you think about traffic, would love your thoughts on the traffic trends in Europe relative to the U.S. As you look forward with the marketing spend and marketing techniques, can those be catalysts to help traffic? How are you thinking about regionally, perhaps marketing spend and/or top of funnel versus more transactional marketing? Thank you.
Hey, Oliver. Okay, I'm going to take them one at a time. Traffic in China. We're feeling really good about the Chinese consumer, both at home and when they travel. Inside mainland China, momentum stayed encouraging, obviously supported by improving brand awareness and desirability against some of our competitive set, which is great. We love to see that. A lot of that demand obviously travels with the customer. You heard Neil talk about markets like Korea, Hong Kong, healthy driven travel demand across APAC, as well as really strong wholesale order books. Whether they're shopping at home, whether they're shopping abroad, the through line is the same, that it's resonating with the consumer. They love the product, and that gives us a lot of confidence in our trajectory. Outside of APAC, I would say tourism levels continue to be a little softer at the macro level.
Of course, we're monitoring, but as I said earlier, the brand signals are strong. We feel really encouraged by that. When you look at EMEA, it's different than North America, right? Each region is quite distinct picture that we saw in Q1. North America, a little traffic issue. In EMEA, the operating environment itself is just more challenging, and I think that's pretty consistent with what you're hearing from other companies across the industry. It's a cautious consumer. Store traffic dynamic is still there. Again, the underlying brand signals to us, it feels strong. The conversion is improving. Clienteling, there's progress that we've made with that. The improved brand desirability against our competitive set in continental Europe. Those are all reasons that we feel very good that this is not a brand issue. This is just a traffic.
You heard us talk about all the mitigating effects that we will put into place Q2. When you think about marketing, can it be a catalyst for traffic? Sorry, I'm just going to address marketing specifically. Of course. We had a deliberate lower spend in Q1 that's aligning, just making sure every dollar works for us. It did. We saw improved ROAS this quarter. To me, that says we can spend more efficiently while still driving up customer acquisition and really strong brand engagement. Yes, it will be a factor in how do we drive more store traffic, as we step up that marketing in Q2 and Q3, we think it will have positive results.
Thank you for that. A follow-up on the non-heavyweight down progress. What are your latest thoughts or parameters around pricing? Because there have been moments when you've calibrated or priced too low in some cases in the past. Finally, as we look at that model, AI's impact across the industry, just highlights on where AI will have the earlier impact and what you're testing. Thanks a lot.
Pricing on We look at pricing kind of the same way, whether it's newness, whether it's carryover in our icons, whatever category it is, it's making sure that it's the right price for the right product. I know it could sound a little trite, but it's looking at the value that it offers. I love that you think maybe our prices are too low. We monitor it carefully. We monitor our consumer response. That's not just globally, but it's also by category. We know exactly where we want to be positioned against the competitive set and what the value that we are offering. It's something we continue to monitor. As I said, we have not seen any price resistance in those categories, which we feel really good about.
Oliver, it's Beth. I'll take your question on AI. We are experimenting with AI in a number of different places across the business. I'll share a few highlights. Certainly, there's a lot of opportunity in customer-facing ways. The way we engage with consumers through our call center, through warranty, the way we analyze consumer data to identify opportunities to speak to consumers differently in a more relevant way. There's a tremendous amount of opportunity in those customer-facing ways that we're experimenting with, seeing really great traction, scaling, and we're really excited about the momentum there continuing. We're also seeing plenty of ways it's enabling our business behind the scenes. The way we create product, finding moments to accelerate the workflow as we're really focused on bringing product to market with greater speed.
We can use AI to help speed up aspects of the development process or the merchandising data analysis, et cetera. There's a lot of opportunity in that product creation ecosystem. Of course, operational efficiency. The way we look at our daily, weekly reporting, the way we look at our daily, weekly decision-making across the business, using AI to kind of speed up those insights and allow our team to spend more time on the so what and actions and less time on the root cause analysis. We're seeing great AI traction across multiple parts of our business and really building it into the muscle that we have as a business, and we're excited to see how that continues to drive impact in the quarters and years to come.
Thanks a lot. Best regards.
Thanks, Oliver.
Your next question comes from the line of Ike Boruchow from Wells Fargo. Please go ahead.
Hey, morning everyone. Neil, I think this question is for you. It's on the expense line. First quarter expenses in CAD seem kind of flattish. It's a big step down in growth from last year, showed scale. It's great to see. Implied margin in 2Q, based on the 1H comments, seems to imply margins are going to delever a few hundred basis points year-over-year. I know there's seasonality and everything, but I guess the main question is, what spending levers are being pulled harder in the second quarter versus the first quarter? Can you help frame the 2H profit plan and how you're planning flow-through in margin in the back half of the year as well that kind of ties to your full year plan, please?
Sure thing. I'll start with just sort of a reiteration of where we're trying to get to. We fully expect to deliver margin expansion this year. As you said in the guide, 11%-12% is the range that we're looking at. First quarter started off nice. That's the job to do for us in the first quarter. In a year where we intend to deliver margin expansion, getting gross margin expansion, getting operating leverage out of the channels through the corporate costs, that's the job. Check mark there for the way we started. Your read on the second quarter, as you said, is reasonably accurate. We've got probably three areas where we're going to pull some expense, for sure, marketing step-up will happen.
We're just starting to scale into peak. That's exactly the right time for us to start to lean into that. We can't do it to outside of traffic or drive some of the desirability and awareness metrics up. We've got a great plan there for the second quarter on marketing. Obviously that will continue over the balance of the year. We expect to spend more CAD in the marketing line over the year. Perhaps harvest just a little bit of leverage there. Other second quarter sort of one-timers. You heard us talk a little bit about logistics network upgrade in the second quarter. That was a little more muted in the first quarter. The activity is ramping up here. There's a little bit more spend there. As a reminder, that is expected to deliver some meaningful cost savings once up and running.
Probably not net for the full year fiscal 2027, but over time. There's some meaningful investment in our e-commerce business, in the e-commerce platform, which there's some more spending to go here in the second quarter. Those are the key areas of investment. As it relates to sort of normal running costs on things like corporate headcount and other forms of investment, we're keeping the lid pretty tight on those things, which we expect to give us some leverage over the balance of the year. Our view is unchanged of where we want to get to. We think we're started well along that path.
Thank you.
Your next question comes from the line of Michael Binetti from Evercore.
Hey, guys. Thanks for taking our question here. Maybe would you mind unpacking a little bit your comments on the industry trends in Europe? How much do you think logistics changes there are causing some impact, maybe some self-inflicted versus comments you made on tough operating environment? I thought it was also interesting, your comment that you're not seeing store traffic pressure in EMEA. I'm assuming the pressure is on conversion there. Again, do you think that's self-inflicted around logistics upgrade that can improve in second half? Or is it consumer coming in, you've got inventory in store, they're just converting at a lower rate or something macro related different than you're seeing in other markets? Michael, this is Beth. I'll take that one, and I'll just clarify a few things in case we didn't share it clearly. We are definitely seeing traffic pressure in EMEA.
That is the primary driver of the negative comps.
Okay.
We believe as we look at the peer data we have, that what we're seeing is more or less in line with others. We are also seeing more pressure on conversion in EMEA than we are in other markets. Your conversion generally is a bright spot for the business. I think the macro pressure we're seeing in EMEA, particularly in markets like the U.K., we are just seeing it more in our stores. A lot of consumer interest in the product, a lot of excitement, but just getting them to convert to that final transaction, we're seeing more pressure there than we are in other markets. We are seeing the effects of the kind of macro pressure, whether it be from oil prices, complex, et cetera, that we are seeing that manifest. We do not believe that there's any disruption from the EMEA network.
The nature of the way that transition was happening, it actually had very minimal impact on the quarter. Most of the quarter, we were operating under our old logistics facility, and so we are not seeing that. We are obviously monitoring very closely what that looks like in Q2, because as we ship a tremendous amount of wholesale volume in Q2, et cetera, we need to stay very close to that. You're right to raise that transitions like this can always create operational complexity, but no impact to speak of in the quarter. We're pretty confident that this is more just related to the way the consumer is engaging due to macro factors. We're focused on doing the things that are within our control.
Executing incredibly strong in the store in the way Carrie described before, continuing to market to European consumers, to engage clienteling, to operate as well as we can, albeit in a challenging macro environment.
Okay. Then you said, you mentioned a couple of times the pressure in the U.S. is with traffic. As you look at that, think about how to put the marketing plan to work to make some improvements there, is that a customer dropping out of the channel? Is it slower new customer acquisition, or is it maybe slower frequency from recurring customers? What are you seeing in the demo work that helps inform you on how to attack the marketing to improve that?
Yeah, great question. We don't see it as a customer issue. Really, when you look at the industry trends, customer traffic is down everywhere. In certain markets, we're maybe more impacted, and maybe the marketing, the choices that we made deliberately had a slight amplification of that. Nothing that we're concerned about. It's our choice to how we allocate the marketing dollars in the funnel. We chose to stick to our strategy of spending in the upper funnel to drive that brand heat, brand awareness, making sure that we're acquiring customers as we build into our biggest season in Q2 and Q3. Those are choices that we have made deliberately, saw good results in terms of efficiency and effectiveness of those choices.
As we move towards the Q2 and Q3, we'll be looking at what other choices can we make in terms of where we spend in the funnel. Still want to maintain that discipline and every dollar returning for as well to drive that customer acquisition, but how do we drive some more of that traffic into our stores? If we weren't seeing the great results that we're seeing in e-com, we would have a different story. The customer acquisition is strong, the conversion is strong, the engagement is strong across channels. A little lighter store traffic in a few markets doesn't concern us.
Okay. Thanks a lot for the help. Appreciate that.
Michael.
Your next question comes from the line of Adrian Yee from Barclays. Please go ahead.
Hi, this is Angus Kelleher-Ferguson on for Adrian Yee. Congrats on the solid wholesale quarter. You noted a greater mix of down-filled outerwear. I kind of wanted to ask a longer-term question about product mix and wholesale's role in de-seasonalizing the business. How are your partners embracing new categories like rain, wind, and apparel, and how do you expect that mix to evolve over the next few years? Thank you.
Yeah, thanks for the question. Wholesale is really important to our business. It historically has always been important to us, and over the last few years it receded a little bit, and we're really happy to see it grow again and be a leading indicator of the strength of our brand. Our wholesale partners, they're adopting the full range of our products. It's really demonstrating how our consumers are leaning into our new diverse product offering, which is a much higher percentage of our non-core products, much higher percentage of lifestyle apparel and of lightweight down. We see wholesale growing and continuing to grow, and it's additive to our business.
If I can just jump in. We just were in market for spring next year. Again, we had good response this year, they've seen what we're going to bring to market next year, the response has been very strong. Customers are loving, whether it's the color palette, the actual styles, the innovation that we're bringing to the table, they're really on board. That results not only in bigger order books, but just changing the way we show up in their stores. That's what we like to see, the right adjacencies, the right marketing support. They're really on that journey with us, it's been a really healthy response.
Excellent. Thank you. Just to follow up, you opened four stores in Q1 and are investing behind additional openings, though comparable store traffic remains a bit pressured. I guess, how are new store productivity and returns tracking, has the current environment changed your appetite for further expansion in the out years?
I think for sure the answer to the second question is absolutely not. We know there's a lot of white space for the brand in a number of the markets that we operate in today and in places where we're probably less penetrated. We keep a pretty tight view of capital allocation and evaluate store performance both against our own high benchmarks as well as the rest of the industry. A little bit of our view short term. Traffic pressure does not give us any pause for what we view to be a significant opportunity to drive growth and profitability over the long term.
Great. Thank you.
Thank you.
At this time, there are no further questions. I will now turn the call back to Anna Raman, Vice President of Investor Relations, for closing remarks.
Yes, thanks everybody for your questions, and as always, feel free to follow up directly with us should you have further questions. Thanks so much.
This concludes today's call. Thank you all for attending. You may now disconnect.
Investor releaseQuarter not tagged2026-07-29Boot Barn (BOOT) Q1 Earnings and Revenues Top Estimates
Zacks
Boot Barn (BOOT) Q1 Earnings and Revenues Top Estimates
Boot Barn (BOOT) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +35.50%. A quarter ago, it was expected that this Western apparel and footwear retailer would post earnings of $1.43 per share when it actually produced earnings of $1.45, delivering a surprise of +1.4%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Boot Barn, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $593.52 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $504.07 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Boot Barn shares have lost about 10.1% since the beginning of the year versus the S&P 500's gain of 8.5%. While Boot Barn has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Boot Barn was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #…Read full documentShow less
Boot Barn (BOOT) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +35.50%. A quarter ago, it was expected that this Western apparel and footwear retailer would post earnings of $1.43 per share when it actually produced earnings of $1.45, delivering a surprise of +1.4%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Boot Barn, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $593.52 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $504.07 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Boot Barn shares have lost about 10.1% since the beginning of the year versus the S&P 500's gain of 8.5%. While Boot Barn has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Boot Barn was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.68 on $596.53 million in revenues for the coming quarter and $8.56 on $2.61 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Canada Goose (GOOS), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This high-end coat maker is expected to post quarterly loss of $0.63 per share in its upcoming report, which represents a year-over-year change of +4.6%. The consensus EPS estimate for the quarter has been revised 8.3% higher over the last 30 days to the current level. Canada Goose's revenues are expected to be $80.3 million, up 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-24Deckers Stock Down 6% Despite Q1 Earnings Beat, FY'27 Outlook Raised
Zacks
Deckers Stock Down 6% Despite Q1 Earnings Beat, FY'27 Outlook Raised
Deckers Outdoor Corporation DECK reported first-quarter fiscal 2027 results, with both earnings and revenues surpassing the Zacks Consensus Estimate. The company reported earnings of 94 cents per share, up 1.1% year over year, which beat the Zacks Consensus Estimate of 88 cents by 6.8%. Net sales increased 5.7% year over year to $1,019.5 million and topped the consensus estimate of $1,017 million by 0.3%. On a constant-currency basis, net sales grew 4.8% year over year.The company delivered its first-ever June quarter with more than $1 billion in revenues, driven by continued momentum in the HOKA and UGG brands, strong direct-to-consumer (DTC) demand and disciplined full-price selling across channels. Management also raised its fiscal 2027 earnings outlook following stronger-than-expected first-quarter profitability. However, investors remained cautious as the company projected lower second-quarter gross margin due to tariff and freight headwinds, and increased its tariff cost assumption for the remainder of fiscal 2027. Consequently, shares of the company lost 6.1% yesterday. Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote The HOKA brand remained the primary growth driver in the first quarter, with net sales increasing 7.7% year over year to $703.5 million, slightly missing our estimate of $705.3 million. Growth was driven by a 17% increase in DTC revenues, supported by continued strength in Europe, China, Japan and the United States. Management highlighted broad-based demand across franchise families, with Clifton, Bondi, Speedgoat 7, Mach 7, Mafate Speed 2 and Skyward contributing to growth. The company also noted encouraging early consumer response to the recently launched Clifton Pro, while healthy full-price selling and disciplined marketplace management continued to support the brand's performance.The UGG brand delivered solid first-quarter results, with net sales increasing 4.9% year over year to $278 million, beating our estimate of $276.2 million. Growth was balanced across wholesale and DTC channels, with international markets, particularly Asia, leading performance. Management highlighted continued progress in its 365 and men's growth initiatives, supported by strong demand for the Lowmel family, Golden collection and Otzo Clog. The company cited encouraging consumer response to its spring appare…Read full documentShow less
Deckers Outdoor Corporation DECK reported first-quarter fiscal 2027 results, with both earnings and revenues surpassing the Zacks Consensus Estimate. The company reported earnings of 94 cents per share, up 1.1% year over year, which beat the Zacks Consensus Estimate of 88 cents by 6.8%. Net sales increased 5.7% year over year to $1,019.5 million and topped the consensus estimate of $1,017 million by 0.3%. On a constant-currency basis, net sales grew 4.8% year over year.The company delivered its first-ever June quarter with more than $1 billion in revenues, driven by continued momentum in the HOKA and UGG brands, strong direct-to-consumer (DTC) demand and disciplined full-price selling across channels. Management also raised its fiscal 2027 earnings outlook following stronger-than-expected first-quarter profitability. However, investors remained cautious as the company projected lower second-quarter gross margin due to tariff and freight headwinds, and increased its tariff cost assumption for the remainder of fiscal 2027. Consequently, shares of the company lost 6.1% yesterday. Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote The HOKA brand remained the primary growth driver in the first quarter, with net sales increasing 7.7% year over year to $703.5 million, slightly missing our estimate of $705.3 million. Growth was driven by a 17% increase in DTC revenues, supported by continued strength in Europe, China, Japan and the United States. Management highlighted broad-based demand across franchise families, with Clifton, Bondi, Speedgoat 7, Mach 7, Mafate Speed 2 and Skyward contributing to growth. The company also noted encouraging early consumer response to the recently launched Clifton Pro, while healthy full-price selling and disciplined marketplace management continued to support the brand's performance.The UGG brand delivered solid first-quarter results, with net sales increasing 4.9% year over year to $278 million, beating our estimate of $276.2 million. Growth was balanced across wholesale and DTC channels, with international markets, particularly Asia, leading performance. Management highlighted continued progress in its 365 and men's growth initiatives, supported by strong demand for the Lowmel family, Golden collection and Otzo Clog. The company cited encouraging consumer response to its spring apparel collection, particularly fleece products, reinforcing UGG's expansion as a year-round lifestyle brand.Meanwhile, net sales from Other Brands declined 18.1% year over year to $37.9 million compared with our estimate of $37.5 million, primarily reflecting the continued phase-out of Koolaburra standalone operations. Wholesale net sales increased 2.2% year over year to $666.7 million in the first quarter. Reported wholesale growth reflected planned timing differences that shifted certain international wholesale and distributor shipments to later in fiscal 2027 compared with the prior year. Management emphasized that underlying demand remained healthy, supported by higher U.S. wholesale sell-in, strong full-price sell-through and record reorder activity in the EMEA region. DTC net sales increased 13% year over year to $352.8 million, while comparable DTC sales rose 6.8%, driven by continued strength across both HOKA and UGG. HOKA's international DTC business continued to post robust growth in Europe, China and Japan.From a geographic perspective, domestic net sales increased 3.2% year over year to $517.4 million. International net sales rose 8.4% to $502.1 million. Management noted that both HOKA and UGG continued to generate healthy demand across international markets, with Europe, China and Japan remaining key contributors to growth. Gross profit increased 6.9% year over year to $575.2 million in the first quarter. Gross margin expanded 60 basis points to 56.4% and surpassed our estimate of 54.6%. Favorable channel and product mix, full-price selling, foreign exchange benefits and better management of closeout inventory more than offset a 150-basis-point tariff headwind. Closeout management contributed about 60 basis points to the year-over-year margin comparison.Selling, general and administrative expenses increased 12.7% year over year to $419.9 million. As a percentage of net sales, SG&A expenses increased to 41.2% from 38.6% in the prior-year quarter. Higher spending reflected continued investments in marketing, technology, additional personnel supporting key growth initiatives, higher occupancy costs related to new HOKA stores and unfavorable foreign currency remeasurement.Operating income declined 6% year over year to $155.3 million from $165.3 million in the year-ago quarter. The operating margin contracted to 15.2% from 17.1%. Cash and cash equivalents were $1.60 billion as of June 30, 2026, compared with $1.72 billion a year earlier. Inventories declined 4.9% year over year to $807.6 million, and the company maintained a debt-free balance sheet with no outstanding borrowings. Total stockholders' equity stood at $2.30 billion at the end of the quarter.During the first quarter of fiscal 2027, Deckers repurchased approximately 3.3 million shares of its common stock for $338.2 million at an average price of $103.79 per share. The company noted that share repurchases continued to be an important component of its capital allocation strategy.As of June 30, 2026, approximately $4.7 billion remained available under the company's existing share repurchase authorization. For the fiscal second quarter, this Zacks Rank #2 (Buy) company expects consolidated revenues to increase approximately 5% year over year. HOKA revenues are projected to grow at a high-single-digit rate, while UGG is expected to maintain its mid-single-digit growth rate. Other Brands revenues are expected to decline approximately 50% from the prior-year quarter, primarily reflecting the continued streamlining of the company's brand portfolio following the wind-down of the Koolaburra business.Management indicated that second-quarter results will continue to reflect planned timing differences in the wholesale and distributor businesses, with some international shipments moving later into the fiscal year. Similar to the first quarter, these timing dynamics are expected to affect reported wholesale growth but do not reflect any change in underlying consumer demand. The company expects continued strength in its direct-to-consumer business, while emphasizing that HOKA and UGG will continue to experience healthy demand across regions and channels.Gross margin is expected to decline year over year due to higher tariff costs and rising freight expenses. Selling, general and administrative expenses will remain elevated as the company continues to make first-half weighted investments in its strategic growth initiatives, including brand-building, technology and marketplace expansion. As a result, earnings per share are expected to be in the range of $1.73-$1.78.Management also reiterated that revenue growth is expected to accelerate in the second half of fiscal 2027, primarily driven by the HOKA brand and the normalization of international wholesale and distributor shipment timing. The company noted that quarterly growth is not expected to be linear as it continues to prioritize a pull model of demand and disciplined marketplace execution to support long-term sustainable growth. For fiscal 2027, Deckers continues to expect consolidated net sales to be in the range of $5.86-$5.91 billion, representing high-single-digit growth from the prior year. HOKA revenues are still expected to increase at a low-double-digit rate, while UGG revenues are projected to grow at a mid-single-digit pace. Management continues to expect revenue growth to accelerate in the second half of fiscal 2027, primarily driven by the HOKA brand and the normalization of international wholesale and distributor shipment timing.The company now expects gross margin to be slightly better than 56.5%, reflecting stronger-than-expected first-quarter performance. The updated outlook incorporates a higher forward tariff assumption of 12.5%, up from the previous 10% and continues to exclude any benefit from potential refunds of tariffs previously paid. Management indicated that it is pursuing tariff refunds but has not included any related assumptions in its fiscal 2027 guidance given the uncertainty around timing and recovery.Selling, general and administrative expenses are still expected to be approximately 35% of net sales as Deckers continues investing in its long-term growth initiatives. Planned investments remain focused on strengthening the company's brand portfolio through marketing, expanding technology capabilities and data analytics, supporting key growth initiatives and reinforcing the foundation of the business. Management stated that these investments are intended to position the company for operating expense leverage beginning in fiscal 2028 and beyond.Operating margin is now anticipated to be slightly better than 21.5%, reflecting the improved gross margin outlook. The company continues to project an effective tax rate of approximately 23% and has raised its fiscal 2027 earnings per share guidance to $7.35-$7.50, as compared with its prior outlook of $7.30-$7.45, driven by higher expected gross margin. The guidance also assumes share repurchases with a value equal to approximately 80% of projected fiscal 2027 free cash flow. DECK Stock Past Three-Month Performance Image Source: Zacks Investment Research Shares of the company have lost 9.9% over the past three months compared with the industry’s 1.2% decline. Genesco Inc. GCO is a Nashville-based specialty retailer and branded company. It sells footwear and accessories through retail stores. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Genesco’s current fiscal-year earnings indicates growth of 55.2% from the year-ago actuals. GCO delivered a trailing four-quarter average earnings surprise of 3.8%.Canada Goose GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. The company also holds a Zacks Rank #1 at present. The Zacks Consensus Estimate for Canada Goose’s current fiscal-year earnings and sales indicates growth of 58.9% and 3.7%, respectively, from the year-ago actuals. GOOS delivered a negative trailing four-quarter average earnings surprise of 43.3%.Designer Brands Inc. DBI designs, produces and retails footwear and accessories. It offers shoes, boots, sandals, sneakers, socks, handbags and accessories. It currently carries a Zacks Rank #2.The Zacks Consensus Estimate for Designer Brands’ current fiscal-year earnings and sales suggests growth of 137.5% and 0.5%, respectively, from the year-ago actuals. DBI delivered a trailing four-quarter average earnings surprise of 112.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Genesco Inc. (GCO) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Designer Brands Inc. (DBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

