Vancouver, Jan 8, 2026, 14:29 (PST)
- Net revenue rose 42.8% to C$1.04 billion; comparable sales grew 34.3%
- U.S. net revenue jumped 53.8% to C$621.1 million; e-commerce grew 58.2% to C$383.0 million
- Company raised FY2026 net revenue outlook to C$3.615–C$3.640 billion and forecast Q4 net revenue of C$1.10–C$1.125 billion
Aritzia raised its forecast for fiscal 2026 revenue and profit margin on Thursday after the Canadian women’s fashion retailer posted a record third quarter, powered by the United States and online demand. Net revenue rose 42.8% to C$1.04 billion in the quarter ended Nov. 30, the company said.
The update matters because Aritzia is trying to turn a burst of demand into something steadier, with a heavy bet on U.S. store openings and new digital tools. It sells mid-to-premium women’s apparel, competing for mall and online traffic with brands such as Lululemon Athletica and Abercrombie & Fitch.
It also comes with costs in flux. Aritzia said its margin outlook assumes about 280 basis points, or 2.8 percentage points, of pressure from higher tariffs and the end of a de minimis duty exemption for low-value shipments.
Comparable sales — sales at stores and online open at least a year — grew 34.3%, while U.S. net revenue jumped 53.8% to C$621.1 million, about 60% of the total. E-commerce rose 58.2% to C$383.0 million and net income climbed 87.5% to C$138.9 million, or C$1.16 a share. Chief executive Jennifer Wong said, “We delivered record net revenue of $1.04 billion.”
Adjusted EBITDA — earnings before interest, tax, depreciation and amortization, adjusted for some items — rose 52.2% to C$207.6 million and the margin widened to 20.0%. Selling, general and administrative costs (SG&A), which includes store and head office expenses, fell to 27.9% of revenue from 29.6% a year earlier.
Based on early fourth-quarter trends, Aritzia expects net revenue of C$1.10 billion to C$1.125 billion. It said it still plans 13 new boutiques and four repositions this fiscal year, with most of the openings in the United States.
Raymond James analyst Michael Glen lifted his price target to C$130 ahead of the results and kept an “outperform” rating, pointing to colder weather, online traffic and the mobile app launch. He said “promotion activity has remained relatively muted.” Stockwatch
In a Jan. 1 profile, Business Insider said Aritzia’s stock had more than doubled over the prior year as it accelerated store openings and launched its first mobile app ahead of holiday shopping, with outerwear and workwear staples drawing repeat buyers.
But a big quarter leaves little room for stumbles. If shoppers pull back after the holidays or competitors turn more promotional, Aritzia could see growth slow and margins narrow; inventories ended the quarter at C$508.2 million, up 10%.
The company ended the quarter with C$620.5 million in cash and said it bought back 473,700 shares in the first nine months of fiscal 2026 at an average price of C$87.10. Boutique count stood at 139 at the end of the quarter.
