Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty

Canada Goose on Wednesday withheld from providing its fiscal 2026 forecast due to uncertainty stemming from the implementation of US President Donald Trump’s tariffs.

However, the Toronto-based luxury retailer reported strong quarterly sales, which pushed its US-listed shares up 13 percent in premarket trading.

The parka maker joined several other companies in either withholding, cutting or withdrawing expectations for the year following the Trump administration’s unpredictable tariff shifts.

There are some US tariffs but the majority of the company’s products are not under these levies, CEO Dani Reiss told Reuters.

The tariff policies sparked a global trade war, rattling several businesses and Americans, who are now bracing for a surge in product prices. Retail behemoth Walmart has already hiked prices on some items.

Canada Goose, which leans heavily on winter clothing, saw strong sales during the key January to March season, partly aided by a Lunar New Year campaign in China, its biggest market that generates 31.7 percent of its total revenue. Greater China revenue surged 63.1 percent.

In the United States, a marketing campaign with fashion designer Haider Ackermann, which kicked off in November, aided a 15.3 percent rise in quarterly revenue. The country accounts for 24.3 percent of total revenue.

Benefits from leaner inventory levels as well as robust growth of 15.7 percent in direct-to-consumer channel strengthened its margins.

The company’s quarterly gross margin was 71.3 percent, compared with 65. percent% a year ago.

The company’s quarterly revenue rose to 384.6 million Canadian dollars ($277.15 million), from 358 million Canadian dollars a year ago. Analysts estimated 356.4 million Canadian dollars, according to data compiled by LSEG.

By Anuja Bharat Mistry; Editors: Pooja Desai and Leroy Leo

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