Luxury clothing brand Canada Goose has seen its profits collapse across the 2026 financial year, with its owner, Bain Capital, still looking to exit from its controlling stake.

Net income for the Canadian retailer fell by 72 per cent to $20.2 million (C$27.8 million) in the year ending March 31. This came despite a 12 per cent increase in revenue, to $1.1 billion.

“Our fourth quarter capped a year of meaningful progress and execution against our goals,” said Dani Reiss, chairman and CEO of Canada Goose. “Revenue growth was broad-based across regions and channels, supported by stronger conversion in direct-to-consumer, improved wholesale performance, and continued momentum across our expanded product offering.”

Bain Capital first explored the sale of Canada Goose in August, 2025. CNBC reported at the time that it received verbal offers from private equity firms Advent International and Boyu Capital, among others; Goldman Sachs continues to advise Bain on the sale.

“As we enter fiscal 2027, our focus is to convert brand momentum and a stronger operating foundation into sustainable EBIT margin expansion, starting this year,” Reiss added.

“Our priorities are clear: Deepen brand desire, scale a more repeatable product engine across seasons, and improve channel productivity by making our stores and digital platforms work harder together.”