Canada Goose Holdings Inc. (GOOS) saw its shares tumble 5.04% in pre-market trading on Thursday, following the release of its fiscal first-quarter results for 2026. The luxury parka maker reported a larger-than-anticipated quarterly loss, overshadowing its better-than-expected revenue growth.

The company posted an adjusted loss of 91 Canadian cents per share, surpassing analysts' expectations of an 88-cent loss per share, according to LSEG data. This represented a 15.19% increase in losses compared to the same period last year. Despite the wider loss, Canada Goose's revenue soared to C$107.8 million ($77.86 million), beating the analyst consensus of C$92.8 million and marking a substantial 22.4% year-over-year increase.

The expanded loss was primarily attributed to rising expenses related to the company's strategic investments. Canada Goose cited costs associated with the expansion of its global retail network and increased marketing spend, particularly for its Spring-Summer 25 and Snow Goose campaigns. While these initiatives drove sales growth, with revenue in the United States jumping 45.4% and Greater China rising 18.7%, they also put pressure on the company's bottom line. Investors appear to be focusing on the near-term impact on profitability, leading to the stock's pre-market decline despite the strong top-line performance.