Golden Goose Q1 Sales Rise 11% Driven by EMEA, DTC Expansion

Golden Goose Group SpA reported an 11 percent increase in revenues for the first quarter, reaching approximately $185.57 million, with sales rising 12 percent at constant exchange rates, driven primarily by strong direct-to-consumer (DTC) channel growth. DTC revenues grew 19 percent to account for 76 percent of total sales, with significant regional increases in Europe, the Middle East, and Africa (30%), the Americas (13%), and Asia-Pacific (9%). The company expanded its retail footprint to 218 stores with three new openings, including innovative pop-ups and experiential stores focused on co-creation in key markets like the U.K., New York, and Manila. Golden Goose is actively mitigating the impact of U.S. tariffs by optimizing its import strategy and limiting price adjustments, expecting minimal effects on profitability. Additionally, the brand is preparing for a flagship store opening in London and continues to leverage its loyal customer base amid geopolitical and economic uncertainties. Meanwhile, Canada Goose reported a 7 percent revenue increase in Q4, benefiting from its manufacturing structure compliant with USMCA, which minimizes tariff impacts, while facing challenges in Europe despite growth in North America and Asia-Pacific regions.