Canada Goose Holdings Inc. announced an agreement to sell its Baffin Limited performance footwear brand to L.P. Royer Inc., a leading Canadian manufacturer of work and military footwear, on August 5, 2026. Canada Goose acquired Baffin in 2018 as part of its initial expansion into the footwear category. The transaction is expected to close in August, subject to customary closing conditions. This divestiture allows Canada Goose to simplify its operating model and focus resources on its core lifestyle brand strategy. Canada Goose Holdings Inc. operates in the luxury apparel industry, specializing in high-performance outerwear, apparel, footwear, and accessories.

Canada Goose Holdings Inc. reported first-quarter results ending June 28, 2026, with revenue increasing 10.3% to CAD $118.9 million from CAD $107.8 million in the prior year period. The company posted a net loss of CAD $93.0 million, or $(0.93) per share, compared to a net loss of CAD $125.5 million, or $(1.29) per share, previously. Gross profit rose 12.1% to CAD $74.2 million with gross margin expanding by 100 basis points to 62.4%. Operating loss narrowed significantly to CAD $103.8 million from CAD $158.7 million, driven by a CAD $46.9 million decrease in SG&A expenses that excluded non-recurring arbitration and earn-out costs. DTC revenue grew 8.6% to CAD $84.8 million despite a 3.2% decline in comparable sales, while Wholesale revenue surged 66.5% to CAD $29.8 million. The company operates in the luxury performance apparel industry, designing, manufacturing, and selling outerwear and accessories globally.