Canada Goose (GOOS): Strong Q3 Revenue Growth Driven by D2C and Wholesale Channels

Canada Goose Holdings Inc. (NYSE:GOOS) is one of the best Canadian stocks to buy under $20. On February 5, Canada Goose reported a 13% year-over-year revenue increase to $695 million for FQ3 2026, which was driven by a 13% rise in D2C sales and a 14% gain in wholesale. Geographic performance was supported by a 20% revenue jump in North America and a 12% increase in the Asia Pacific region, particularly in mainland China.

The company’s expanded year-round product assortment, featuring lighter-weight fabrics and non-parka styles, contributed to doubling the revenue from new product offerings compared to the previous year. Despite the top-line growth, adjusted EBIT fell to $204 million with a margin of 29.3%, representing a 450-basis point contraction from the prior year. This decline was influenced by a 40-basis-point drop in gross margin due to a shift in product mix and a $66 million increase in SG&A expenses.

Management highlighted four consecutive quarters of positive D2C comparable sales growth and expressed confidence in long-term brand relevance following strategic marketing investments. Looking ahead, Canada Goose Holdings Inc. (NYSE:GOOS) aims to improve store and marketing efficiencies to drive margin expansion.

Canada Goose Holdings Inc. (NYSE: GOOS), together with its subsidiaries, designs, manufactures, and sells performance luxury outerwear, apparel, footwear, and accessories for men, women, youth, children, and babies. It operates through three segments: Direct-to-Consumer, Wholesale, and Other.

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