Canada Goose Holdings, Inc. · TSX:GOOS
Canada Goose — Q2 2026 Earnings Presentation
17 slides from Canada Goose's earnings presentation, Nov 6, 2025
Slide 1: Q2 Earnings FY26
FY26 NOVEMBER 6, 2025 Q2 EARNINGS
Slide 2: Disclaimer
DISCLAIMER GENERAL All references in this presentation to “Canada Goose”, the “Company”, “we”, “our”, “us” or similar terms refer to Canada Goose Holdings Inc., together with its subsidiaries. This presentation has been prepared by Canada Goose solely for information purposes. This presentation does
Slide 3: Disclaimer: Non-IFRS Financial Measures
DISCLAIMER NON-IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES This presentation includes references to certain non-IFRS financial measures such as adjusted EBIT, adjusted net income (loss) attributable to shareholders of the Company, net debt and constant currency revenue and certain
Slide 4: Dani Reiss, Neil Bowden, Carrie Baker, Beth Clymer
DANI REISS NEIL BOWDEN CARRIE BAKER BETH CLYMER CHIEF CHIEF PRESIDENT, PRESIDENT, EXECUTIVE OFFICER FINANCIAL OFFICER BRAND & COMMERCIAL CHIEF OPERATING OFFICER Q2 FY26 EARNINGS
Slide 5: Dani Reiss, Chief Executive Officer
DANI REISS CHIEF EXECUTIVE OFFICER Q2 FY26 EARNINGS
Slide 6: FY26 Key Operating Imperatives
FY26 KEY OPERATING IMPERATIVES EXPANDING OUR PRODUCT BUILDING BRAND HEAT DRIVING BUSINESS EXPANSION OPERATING OFFERING TO ENHANCE YEAR- THROUGH FOCUSED THROUGH STRATEGIC EFFICIENTLY WITH PACE ROUND RELEVANCE MARKETING INVESTMENTS CHANNEL DEVELOPMENT & ACCOUNTABILITY Q2 FY26 EARNINGS
Slide 7: Expanding Our Product Offering to Enhance Year-Round Relevance
EXPANDING OUR PRODUCT OFFERING TO ENHANCE YEAR-ROUND RELEVANCE PRODUCT EVOLUTION • Introduced products that are more seasonally relevant • Revenue from new styles as a percent of total revenue more than doubled y/y • Apparel remained the fastest growing category, as we strengthen our year-round rele
Slide 8: Building Brand Heat Through Focused Marketing Investments
BUILDING BRAND HEAT THROUGH FOCUSED MARKETING INVESTMENTS Fall-Winter 25 Campaign • Refreshed our brand to celebrate both city life and the outdoors, amplifying hero products through bold storytelling and design Collaborations • Purposeful collaborations driving cultural relevance and resonance acro
Slide 9: Driving Business Expansion Through Strategic Channel Development
DRIVING BUSINESS EXPANSION THROUGH STRATEGIC CHANNEL DEVELOPMENT DTC Network • Q2 DTC comparable sales growth1 of 10% y/y led by North America and APAC • 10 consecutive months of positive DTC comparable sales growth1 • Higher store conversion rates in every region for the third consecutive quarter,
Slide 10: Neil Bowden, Chief Financial Officer
NEIL BOWDEN CHIEF FINANCIAL OFFICER Q2 FY26 EARNINGS
Slide 11: Q2 FY26 Revenue Results
Q2 FY26 REVENUE RESULTS Q2 FY26 REVENUE INCREASED 2% Y/Y (-1% in CC 1) $272.6M +2% Reported; (-1% cc1) • Robust DTC revenue growth with DTC comparable sales2 up 10%; DTC up 22% (21% in cc1) • Other revenue significantly lower y/y, reflecting lower activity y/y 1 CONSTANT CURRENCY REVENUE (CC ) IS A
Slide 12: Q2 FY26 Channel Performance
Q2 FY26 CHANNEL PERFORMANCE (in $M of Canadian dollars) (Y/Y variances in constant currency) DTC Others Wholesale DTC • DTC revenue increased 22% y/y (+21% cc1) to $126.6m, driven by (1%) more consistent marketing, a stronger mix of in-season product newness, and sharper channel execution • DTC comp
Slide 13: Q2 FY26 Geographic Performance
Q2 FY26 GEOGRAPHIC PERFORMANCE (in $M of Canadian dollars) (Y/Y variances in constant currency) NORTH AMERICA EMEA APAC NA (1%) • North America revenue of $112.1m, down 7% y/y (-8% cc1), with Canada up 1% and United States down 15% y/y (-16% in cc1) • Timing shift of wholesale orders to Q3 FY26 and
Slide 14: Income Statement
INCOME STATEMENT (in $M of Canadian dollars, except per share amounts) Q2 FY26 % of Q2 FY25 % of Revenue Revenue Revenue 272.6 267.8 Y/Y change (reported) 1.8% (4.7%) • Gross margin expanded 110 basis points y/y to 62.4%, favorably Gross profit 170.1 62.4% 164.1 61.3% impacted by a higher proportion
Slide 15: FY26 Key Operating Imperatives
FY26 KEY OPERATING IMPERATIVES EXPANDING OUR PRODUCT BUILDING BRAND HEAT DRIVING BUSINESS EXPANSION OPERATING OFFERING TO ENHANCE YEAR- THROUGH FOCUSED THROUGH STRATEGIC EFFICIENTLY WITH PACE ROUND RELEVANCE MARKETING INVESTMENTS CHANNEL DEVELOPMENT & ACCOUNTABILITY Q2 FY26 EARNINGS
Slide 16: Key Balance Sheet Items
KEY BALANCE SHEET ITEMS (in $M of Canadian dollars) September 28, September 29, 2025 2024 Cash 94.2 68.8 • Q2 FY26 inventory levels decreased 3% y/y, marking eight consecutive quarters of y/y inventory declines Net debt1 707.1 826.4 • Q2 inventory turns remained stable y/y at 0.9x • Lower net debt1
Slide 17: Q&A
Q&A
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