Canada Goose Q2 shows steady progress despite challenging environment

Canada Goose has reported a 5 per cent YoY revenue drop to CAD $267.8 million (~$192.43 million) in Q2 FY25.
Direct-to-consumer revenue declined 5 per cent, and wholesale revenue decreased 15 per cent due to planned inventory adjustments.
Gross margin fell to 61.3 per cent.
Revised FY25 guidance forecasts a slight revenue change, with adjusted EBIT margin at -60 to +60 basis points.