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Q3 EARNINGS FEBRUARY 5, 2026FY26
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Q3 FY26 EARNINGS All references in this presentation to “Canada Goose”, the “Company”, “we”, “our”, “us” or similar terms refer to Canada Goos e Holdings Inc., together with its subsidiaries. This presentation has been prepared by Canada Goose solely for information purposes. This presentation does not constitute an offer to sell or a solicit ation of an offer to buy any securities in any jurisdiction. Unless otherwise indicated, all amounts are presented in Canadian dollars. FORWARD-LOOKING INFORMA TION This presentation contains forward-looking statements within the meaning of applicable securities laws, including statements rel ating to the execution of our proposed strategy, and our 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 presentation is subject to substantial risk s 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 ope rations of the current global economic conditions and their evolution and are discussed under “Cautionary Note regarding Forward-Looking Statements” and “Factors Affecting our Performance” in our Management 's Discussion and Analysis ("MD&A") as well as under “Risk Factors” in our Annual Report on Form 20- F for the year ended March 30, 2025. You are also encouraged to read our filings with t he SEC, available at www.sec.gov, and our filings with Canadian securities regulatory authorities available at www.sedarplus.ca for a discussion of these and other risks and uncertainties. Investors, potential investors, and others should give careful c onsideration to these risks and uncertainties. We caution investors not to rely on the forward -looking statements contained in this presentation when making an investment decision in our securities. Although we base the forward-looking statements contained in this presentation on assumptions that we believe are reasonable, we caution readers that actual results and developments (including our results of operations, financial condition and liquidity, 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 presentation. Additional impacts may arise that we are not aware of currently. The potential of such additiona l impacts intensifies the business and operating risks which we face, and these should be considered when reading the forward -looking statements contained in this presentation. In addition, even if resu lts and developments are consistent with the forward -looking statements contained in this presentation, 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 presentation 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 bus iness 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 presentation and the documents that we reference herein completely and with the u nderstanding 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 presentation (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. GENERAL DISCLAIMER
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Q3 FY26 EARNINGS 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) a ttributable to shareholders of the Company, net debt and constant currency revenue and certain non- IFRS ratios such as, adjusted EBIT margin and adjusted net incom e (loss) per basic and diluted share attributable to the shareholders of the Company. These financial measures are employed by the Company to measure its operating a nd 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, certain investors and analysts use this information to evaluate the Company’s operating and fi nancial performance. These financial measures are not defined under IFRS nor do they replace or supersede any standardized measure under IFRS. Other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures. Additional information including definitions of non- IFRS financial measures and other specified financial measures and reconciliations of non- IFRS financial measures to the nearest IFRS measure can be found under t he heading “Non- IFRS Financial Measures and Other Specified Financial Measures” in our Q3 2026 MD&A, as filed with the Canadian securities administrators on SEDAR+ a t w ww.sedarplus.ca and with the SEC at www.sec.gov, which section is incorporated by reference in this presentation. This presentation also includes references to DTC comparable sales (decline) growth which is a supplementary financial measure defined as a rate of decline or growth of sales on a constant currency basis from e -Commerce s ites and stores which have been operating for one full year (12 successive fiscal months). The measure excludes store sales from both periods for the specifi c t rading days when the stores were closed, whether those closures occurred in the current period or the comparative period. DISCLAIMER
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Q3 FY26 EARNINGS DANI REISS CHIEF EXECUTIVE OFFICER NEIL BOWDEN CHIEF FINANCIAL OFFICER CARRIE BAKER PRESIDENT, BRAND & COMMERCIAL BETH CL YMER PRESIDENT, CHIEF OPERATING OFFICER
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Q3 FY26 EARNINGS DANI REISS CHIEF EXECUTIVE OFFICER
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FY26 KEY OPERA TING IMPERA TIVES Q3 FY26 EARNINGS BUILDING BRAND HEA T THROUGH FOCUSED MARKETING INVESTMENTS EXPANDING OUR PRODUCT OFFERING TO ENHANCE YEAR-ROUND RELEVANCE DRIVING BUSINESS EXPANSION THROUGH STRA TEGIC CHANNEL DEVELOPMENT OPERA TING EFFICIENTL Y WITH PACE AND ACCOUNT ABILITY
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Q3 FY26 EARNINGS EXPANDING OUR PRODUCT OFFERING TO ENHANCE YEAR -ROUND RELEVANCE • Expanded assortment continued to resonate with customers • Lighter-weight styles drove growth, down-filled product sales posted solid y/y gains • Revenue from newness more than doubled y/y OAKBROOKE, CHICAGO
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• Global campaigns amplified visibility of FW25 and new Snow Goose Collections • Upper funnel marketing investment supported increase in brand desire, brand momentum, and social media followers • Improved lower-funnel efficiency with y/y increase in repeat customers and Return on Ad Spend BUILDING BRAND HEA T THROUGH FOCUSED MARKETING INVESTMENTS Q3 FY26 EARNINGS FALL WINTER 25 CAMPAIGN
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Q3 FY26 EARNINGS 1 DTC COMPARABLE SALES (DECLINE) GROWTH IS A SUPPLEMENTARY FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES” FOR A DESCRIPTION OF THIS MEASURE. CORSO MA TTEOTTI, MILAN DRIVING BUSINESS EXPANSION THROUGH STRA TEGIC CHANNEL DEVELOPMENT DTC Network • Q3 DTC comparable sales grew1 6% y/y led by North America and Asia Pacific • Four consecutive quarters of positive DTC comparable sales growth1 • Strategically relocated Milan store, and opened three new stores (Chicago, two in China) • Strong execution across customer service, visual merchandising, and inventory positioning • Online enhancements contributed to stronger engagement and lower return rates across most regions Wholesale • Disciplined approach remains consistent: brand-aligned partners, clean channel inventory, and product newness • Healthy orderbooks for SS26 and FW26, reflecting demand for year-round assortment
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FY26 KEY OPERA TING IMPERA TIVES Q3 FY26 EARNINGS OPERA TING EFFICIENTL Y WITH PACE AND ACCOUNT ABILITY
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Q3 FY26 EARNINGS NEIL BOWDEN CHIEF FINANCIAL OFFICER
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$694.5M +14% Reported; +13% cc1 Q3 FY26 EARNINGS Q3 FY26 REVENUE RESUL TS 1 CONSTANT CURRENCY REVENUE (CC ) IS A NON- IFRS FINANCIAL MEASURE. SEE NON-IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES FOR MORE INFORMATION. 2 DTC COMPARABLE SALES (DECLINE) GROWTH IS A SUPPLEMENTARY FINANCIAL MEASURE. SEE “NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES” FOR A DESCRIPTION OF THIS MEASURE. • Revenue growth led by strong performance in DTC and Wholesale in North America and Asia Pacific • DTC comparable sales2 up 6% Q3 FY26 REVENUE INCREASED 14% Y /Y (13% in CC 1)
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Q3 FY26 EARNINGS DTC • DTC revenue increased 14% y/y (+13% cc1) to $591.0m, driven by store and e-commerce growth • DTC comparable sales 2 grew 6% y/y, marking four consecutive months of positive DTC comps • Sales were strong across all major product categories WHOLESALE • Wholesale revenue increased 17% y/y (+14% in cc1) to $88.3m, due to timing of shipments and incremental in-season demand OTHER • Other revenue was $15m vs $14m last year 1 CONSTANT CURRENCY REVENUE (CC) IS A NON- IFRS FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES FOR MORE INFORMATION. 2 DTC COMPARABLE SALES (DECLINE) GROWTH IS A SUPPLEMENTARY FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIE D FINANCIAL MEASURES FOR MORE INFORMATION. Q3 FY26 CHANNEL PERFORMANCE (in $M of Canadian dollars) (Y /Y variances in constant currency) 14.4 15.2 75.7 88.3 517.8 591.0 Others Wholesale DTC +13% +13% +14% +10% Q3 FY25 Q3 FY26
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Q3 FY26 GEOGRAPHIC PERFORMANCE Q3 FY26 EARNINGS NORTH AMERICA • North America revenue of $303. 1m, up 20% y/y in reported and cc1. DTC comparable sales growth2 in the high single digits supported by strong traffic and conversion • Wholesale benefited from timing of shipments ASIA PACIFIC • Asia Pacific revenue of $301.6m, up 12% y/y in reported and cc1, led by strong DTC performance with high-single-digit DTC comparable sales growth2 • Mainland China was the largest contributor, with robust consumer demand, strong ecommerce momentum on our live streaming platforms, and conversion gains in several key stores EMEA • EMEA revenue of $89.8m increased 6% y/y (-3% cc1) primarily due to performance in continental Europe • DTC comparable sales declined2 due to softer tourist traffic, particularly in UK 1 CONSTANT CURRENCY REVENUE (CC) IS A NON- IFRS FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES FOR MORE INFORMATION. 2 DTC COMPARABLE SALES (DECLINE) GROWTH IS A SUPPLEMENTARY FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIE D FINANCIAL MEASURES FOR MORE INFORMATION. (in $M of Canadian dollars) (Y /Y variances in constant currency) 84.8 89.8 270.5 301.6 252.6 303.1 EMEA APAC NA Q3 FY25 Q3 FY26 +20% +12% (3%) +13%
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Q3 FY26 EARNINGS • Gross margin declined 40 basis points y/y to 74.0%, largely due to product mix, partially offset by favorable channel mix • SG&A as a % of revenue was 45.2%, up 450 bps y/y due to: • Discrete expenses: 1) Wholesale bad debt provisioning and 2) Non-recurrence of foreign exchange gain in Q3 FY25 • Run-rate impact of expanded global retail network and higher store labour costs • Increased investments in marketing 1 ADJUSTED EBIT AND ADJUSTED NET INCOME ATTRIBUTABLE TO SHAREHOLDERS ARE NON -IFRS FINANCIAL MEASURES, AND ADJUSTED EBIT MARGIN AND ADJUSTED NET INCOME PER DILUTED SHARE ATTRIBUTABLE TO SHAREHOLDERS IS A NON -IFRS FINANCIAL RATIO. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIE D FINANCIAL MEASURES FOR MORE INFORMATION. Q3 FY26 INCOME ST A TEMENT (in $M of Canadian dollars, except per share amounts) Q3 FY26 % of Revenue Q3 FY25 % of Revenue Revenue 694.5 607.9 Y/Y change (reported) 14.2% (0.3%) Gross profit 513.8 74.0% 452.0 74.4% SG&A 313.6 45.2% 247.7 40.7% Adjusted EBIT1 203.7 29.3% 205.2 33.8% Net income attributed to shareholders Net income per diluted share attributable to shareholders 134.8 $1.36 139.7 $1.42 Adjusted net income attributed to shareholders 1 Adjusted net income per diluted share attributable to shareholders1 142.3 $1.43 148.3 $1.51
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Q3 FY26 EARNINGS Q3 FY26 KEY BALANCE SHEET ITEMS (in $M of Canadian dollars) 1 NET DEBT IS A NON-IFRS FINANCIAL MEASURE. SEE NON -IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES FOR MORE INFORMATION. December 28, 2025 December 29, 2024 Cash 346.9 285.2 Net debt1 413.0 546.4 Inventory 408.7 407.4 Y /Y inventory change flat (15%) • Q3 FY26 inventory levels flat y/y, reflecting strong demand and tighter inventory management • Inventory turns increased 16% y/y to 1. 1x • Lower net debt1 y/y due to disciplined working capital management, particularly inventory, which delivered operating cash flows that led to lower borrowings
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Q3 FY26 EARNINGS COST DISCIPLINE AND MARGIN EXPANSION ROADMAP • Clear initiatives to support Adjusted EBIT margin expansion in FY27 and beyond: • Operate more efficiently • Sharpen labour models and drive higher labour productivity • Improve Marketing efficiency • Continue disciplined corporate expense management • Optimize global retail network • Implement levers to enhance gross margin • Deliver broad-based revenue growth
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Q3 FY26 EARNINGS NEIL BOWDEN CHIEF FINANCIAL OFFICER
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Q&A