An arbitrator has awarded financial compensation to a former Canada Goose vendor in connection with a previously announced commercial dispute. The case relates to the termination of a contract in 2021, and the award communicated on Wednesday, May 4, has resulted in a one-time financial charge of approximately $30 million.
Canada Goose says it disagrees with the legal basis for the award, holding that the judgment is not related to current vendor relationships or ongoing business operations, and is assessing its options. It says further that it maintains strong global partnerships with its vendors and that this matter is not expected to have any material impact on its long-term financial position or strategy.
The company will reflect the charge in its financial results for the first quarter of fiscal 2026 and reaffirms its focus on disciplined execution, brand growth and delivering value to shareholders.
