Canada Goose Q1 Growth Offset by Higher Losses

Canada Goose reported a 22-23% year-over-year revenue increase in its fiscal first quarter, reaching C$107.8 million and surpassing analyst expectations, primarily driven by strong direct-to-consumer growth and new product collaborations. The company saw particularly robust sales in the U.S. (up 45%) and Asia Pacific (up 19-27%), while expanding its global retail footprint and converting temporary stores to permanent ones. Despite the revenue boost, Canada Goose posted a wider-than-expected net and adjusted loss, with a C$43.8 million one-time arbitration payment contributing to adjusted losses of 91 Canadian cents per share, above expectations. Management noted continued sales momentum into July and characterized the company as resilient amid broader luxury sector challenges. Canada Goose has withheld full-year forecasts due to tariff uncertainties but has benefited from producing most goods domestically, which exempts it from certain trade duties. Shares faced pressure following the earnings release due to concerns about elevated costs.