“Our second-quarter results demonstrate continued progress in building a stronger, more diversified Canada Goose,” said Dani Reiss, Chairman & CEO of Canada Goose. “We’re expanding our cultural relevance, building momentum across lifestyle categories, and strengthening the underlying economics of our business. As we enter our most important selling season, we’re confident in the strength of our brand, our product, and the opportunities ahead.”

Second Quarter Fiscal 2027 Business Highlights

In the second quarter, we advanced initiatives across product, brand, and channels that are strengthening our operating model and positioning the business for sustainable long-term growth.

• Expanded year-round relevance with Apparel, Rain wear and Wind wear delivering strong double-digit growth year-over-year, increasing their share of revenue within the product mix.

• Introduced our Fall/Winter 2026 collection, with stronger head-to-toe outfitting, refreshed core products, broader colour offerings, and new offerings.

• Expanded our cultural relevance while reinforcing our technical performance credentials through new partnerships with ARCH Motorcycle Racing, co-founded by Keanu Reeves and Gard Hollinger, marking our first venture into motorsport, and with Ewan McGregor, in his documentary series TRUE WIND, which features Canada Goose as its “Official Protective Gear Partner”, and showcases our Sea Mantra rainwear.

• Opened two net new stores, bringing the total permanent store count to 94 at the end of the second quarter of fiscal 2027.

• Closed the sale of Baffin Limited (“Baffin”) to L.P. Royer Inc. (“Baffin Sale”), reflecting our focus on simplifying the business and concentrating resources behind our highest-priority growth opportunities.

Second Quarter Financial Highlights⁴

Results from continuing operations following the sale of Baffin

All Year-Over-Year Comparisons Unless Otherwise Noted

• Total revenue increased 5.9% to $274.0m, up 4.9% on a constant currency basis¹.

• DTC revenue increased 2.7% to $129.6m, up 0.6% on a constant currency basis¹ due to higher sales from non-comparable stores and e-Commerce. DTC comparable sales declined³ 7.5% reflecting softer comparable store sales, particularly in EMEA, partially offset by strong e-commerce growth in North America and Asia Pacific.

• Wholesale revenue increased 4.6% on a reported and constant currency basis¹ to $128.2m reflecting higher order book shipments, healthy in-season demand, and growth from Travel Retail.

• Otherrevenue increased 62.0% to $16.2m, or 63.0% on a constant currency basis¹ due to increased revenue from friends and family activity compared to the same prior year period.

• Gross profit increased 10.4% to $182.9m due to higher revenue and gross margin. Gross margin was 66.8% compared to 64.0% in the second quarter of fiscal 2026, reflecting favourable product mix, production efficiencies and lower freight and duty costs, partially offset by unfavourable channel mix.

• Selling, general and administrative (SG&A) expenses were $204.5m, compared to $183.3m in the prior year period, primarily reflecting increased investment in upper-funnel marketing and brand awareness initiatives, as well as costs associated with our expanded store network.

• Operating loss was $(21.6)m, compared to an operating loss of $(17.6)m in the prior year period, due to higher SG&A expenses, partially offset by higher gross profit.

• Net loss attributable to shareholders was $(18.8)m, or $(0.19) per basic and diluted share, compared with a net loss attributable to shareholders of $(15.2)m, or $(0.16) per basic and diluted share in the prior year period.

• Adjusted EBIT² was $(21.6)m, compared to $(14.2)m in the prior year period. Adjusted EBIT margin 2 was (7.9)%, compared to (5.5)% in the prior year period.

• Adjusted net loss attributable to shareholders² was $(19.3)m, or $(0.20) per basic and diluted share, compared with an adjusted net loss attributable to shareholders of $(13.3)m, or $(0.14) per basic and diluted share in the prior year period.

Balance Sheet Highlights

Inventory of $496.6m for the second quarter ended September 27, 2026 was up 8% year-over-year, primarily reflecting an expanded product assortment, lower than planned DTC sales, a larger wholesale order book, and planned production growth to support anticipated demand ahead of our peak season. Inventory turnover³ was 1.0x at the end of the second quarter of fiscal 2027, an 8% increase over the same prior year period.

The Company ended the second quarter of fiscal 2027 with net debt² of $781.9m, compared to $707.1m at the end of the second quarter of fiscal 2026 due to an increase in lease liabilities.

During the second quarter of fiscal 2027, the Company repurchased 2,092,572 subordinate voting shares for a total cash consideration of $23.7m, ending the quarter with a cash balance of $87.1m, compared to $94.2m at the end of the second quarter of fiscal 2026.

Fiscal 2027 Outlook

This outlook constitutes forward-looking information within the meaning of applicable securities laws. The purpose of this outlook is to provide a description of management’s expectations regarding the Company’s annual financial performance and may not be appropriate for other purposes. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond the Company’s control. Please see “Cautionary Note Regarding Forward-Looking Statements” below for more information.

Based on our current visibility into the business and the progress of initiatives already underway, we reiterate our fiscal 2027 outlook as set forth below. Our outlook incorporates the expected impact of the Baffin Sale and reflects our current assessment of operating conditions, underlying demand trends, and the level of execution we believe is achievable.

For fiscal 2027, we expect:

• Revenue to increase by approximately low-single digit percentage compared to the prior year.

• Adjusted EBIT margin² to be in the range of 11% to 12%.

Our outlook assumes:

• Revenue growth is driven by pricing actions already implemented, increased depth in our product assortment, a larger wholesale order book, and new store openings, partially offset by lower consumer demand relative to fiscal 2026, including softer traffic in key markets, reduced consumer confidence, and lower travel.

• Gross margin expands, reflecting the benefit of pricing actions and operational efficiencies embedded in fiscal 2026 production and favourable channel mix, partially offset by product mix, raw material inflation, and supply chain cost pressures from current disruptions.

• SG&A declines as a percentage of revenue, as we balance disciplined cost management with targeted investments across channels, marketing, and technology, driving operating leverage on a consolidated basis.

• U.S. tariffs announced on July 20, 2026 and effective as of August 22, 2026 to impact adjusted EBIT margin by approximately 100 basis points for fiscal 2027.

Renewal of Normal Course Issuer Bid

The Company further announced today that its renewed normal course issuer bid (the “NCIB”) will commence on November 10, 2026. The Toronto Stock Exchange (“TSX”) has approved purchases for cancellation of up to 3,156,958 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 10, 2026 and ending no later than November 9, 2027. This represents 10% of the 31,569,580 subordinate voting shares comprising the public float (the “Public Float”) determined in accordance with TSX requirements as at October 31, 2026. As at October 31, 2026, there were 43,230,772 subordinate voting shares issued and outstanding.

Canada Goose currently believes that the purchase of the Company’s subordinate voting shares under the NCIB is an appropriate and desirable use of available excess cash on hand, as part of its broader capital allocation strategy.

The NCIB will be conducted through the facilities of the TSX and the New York Stock Exchange (“NYSE”) or alternative trading systems in Canada and the United States, if eligible, and will conform to their regulations. Subordinate voting shares will be acquired under the NCIB at the market price plus brokerage fees. Purchases under the NCIB will be made by means of open market transactions or such other means as a securities regulatory authority may permit. In the event that the Company acquires subordinate voting shares by other means as a securities regulatory authority may permit, the purchase price of the subordinate voting shares may be different than the market price of the subordinate voting shares at the time of the acquisition. Purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order. Furthermore, under the NCIB, Canada Goose may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) at market price, in accordance with TSX rules. Canada Goose will otherwise be allowed to purchase daily, through the facilities of the TSX, a maximum of 52,213 subordinate voting shares representing 25% of the average daily trading volume of 208,852 subordinate voting shares, as calculated per the TSX rules for the six-month period starting on May 1, 2026 and ending on October 31, 2026.

In connection with the NCIB, the Company also re-entered into an automatic share purchase plan (“ASPP”) with the designated broker responsible for the NCIB, allowing for the purchase of subordinate voting shares under the NCIB at times when Canada Goose would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with certain purchasing parameters. Such purchases will be made by the designated broker based on such purchasing parameters, without further instructions by Canada Goose, in compliance with the rules of the TSX, applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSX and will be implemented concurrently with the initiation of the NCIB.

Pursuant to exemptive relief granted by the Ontario Securities Commission (“OSC”) to the Company on January 24, 2025, Canada Goose is allowed to purchase up to 10% of its Public Float through the facilities of the NYSE and other U.S.-based trading systems as part of any NCIB implemented in the 36 months following the date of the decision, and will therefore not be limited on such trading platforms to purchasing 5% of its outstanding subordinate voting shares at the beginning of any 12-month period as Canadian securities laws would otherwise provide. A copy of the decision from the OSC has been filed under Canada Goose’s SEDAR+ profile at www.sedarplus.ca.

Under the Company’s existing NCIB for the 12-month period beginning on November 10, 2025 and ending on November 9, 2026, Canada Goose is authorized to repurchase up to 4,578,677 subordinate voting shares, or 10% of its Public Float as at October 27, 2025. As at October 31, 2026, the Company had repurchased 3,487,620 of its subordinate voting shares at weighted average purchase price per subordinate voting share of CAD$11.30 through the facilities of the TSX and the NYSE and alternative trading systems in Canada and the United States.