1538 ET - Canada Goose's 4Q showed brand momentum is picking up, even as margins came under pressure, a setup TD Cowen's Oliver Chen says is manageable. The analyst notes that margins weighed down by "wholesale mix, earlier Spring/Summer shipments, and higher freight and duties," factors he says he says are largely timing-driven rather than weaker demand or heavier discounting. Instead, Chen says 4Q's "brand momentum was supported by improved marketing effectiveness, product newness, and sustained gains in conversion and customer engagement," with strong and balanced topline growth. Near-term results should show the effects of recent pricing on margins and profit, while offering a clearer read on traffic trends, though Chen cautions that macro pressures and elevated freight and duty costs remain key risks. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 15:38 ET (19:38 GMT)

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