By
Reuters
Published
July 31, 2025
Luxury outerwear brand Canada Goose reported a larger-than-expected quarterly loss on Thursday, citing rising costs related to investments in design, merchandising, and marketing of its premium products, including puffer jackets and hoodies.
The U.S.-listed shares of the Canadian company fell approximately 3% in premarket trading. Despite the drop, the stock has gained about 27% so far this year.
The company attributed the higher expenses to the expansion of its global retail network and increased marketing spend, particularly in connection with its Spring/Summer 2025 and Snow Goose campaigns.
On an adjusted basis, Canada Goose posted a loss of 91 Canadian cents per share in the first quarter, compared with analysts’ average estimate of 88 Canadian cents, according to data compiled by LSEG.
Quarterly revenue rose to C$107.8 million ($77.86 million), up from C$88.1 million a year earlier. Analysts had expected a 5.36% rise to C$92.8 million.
In May, the company withheld its fiscal 2026 forecast due to uncertainty related to tariffs.
($1 = 1.3846 Canadian dollars)
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