Aritzia posts record third-quarter results for Fiscal 2026, driven by double-digit growth across Canada and the United States, as well as a sharp acceleration in e-commerce and profitability.
Record quarter for Everyday Luxury
Aritzia reported record net revenue of 1.04 billion in Q3 Fiscal 2026, up 42.8% from Q3 2025. Comparable sales grew 34.3%, with “exceptional growth in all channels and all geographies” driven by demand for its Everyday Luxury™ offering.
Chief Executive Officer Jennifer Wong said, “Our performance was fueled by unparalleled demand for our Everyday LuxuryTM offering. This was driven by our digital initiatives, which included the launch of our App, our new boutique openings and our strategic marketing investments.” She also highlighted the United States’ 54% net revenue growth as proof of the brand’s rising momentum.
U.S. growth outpaces Canada
In the United States, Aritzia grew net revenue 53.8% to $621.1 million, representing 59.7% of total net revenue. This surge was driven by a real estate expansion strategy, accelerated eCommerce growth, and strong comparable sales in existing boutiques.
Net revenue in Canada climbed 29.0% to $419.2 million, supported by robust eCommerce gains and healthy growth in established boutiques. Over the last 12 months, Aritzia opened new boutiques and repositioned four, resulting in a total of 12 locations as of the end of Q3, compared to a year earlier.
Digital momentum and margin expansion
Retail net revenue rose 35.1% to $657.3 million, while eCommerce net revenue jumped 58.2% to $383.0 million, now 36.8% of total net revenue. The digital acceleration was driven by strong traffic, a successful mobile app launch, and increased digital marketing investments.
Gross profit increased 43.6% to $478.9 million, with gross profit margin edging up 30 basis points to 46.0% on leverage of fixed costs, better markdowns, and freight tailwinds. SG&A expenses rose 34.7% to $290.4 million but improved as a percentage of net revenue by 170 basis points to 27.9%, helped by the company’s “smart spending” initiative.
Profitability, cash, and full-year outlook
Net income nearly doubled, rising 87.5% to $138.9 million, or 13.4% of net revenue, with net income per diluted share up 84.1% to $1.16. Adjusted EBITDA increased 52.2% to $207.6 million, or 20.0% of net revenue.
On a year-to-date basis, Aritzia generated net revenue of $2.52 billion, up 36.5%, with net income up 128.9% to $247.6 million and Adjusted EBITDA up 73.4% to $425.7 million. Looking ahead, the company expects Q4 Fiscal 2026 net revenue between $1.10 billion and $1.125 billion, implying 23% to 26% growth, and full-year net revenue between $3.615 billion and $3.640 billion, about 33% above Fiscal 2025.
Expansion, investments, and long-term confidence
To support growth, Aritzia expects Fiscal 2026 capital cash expenditures of about $200 million, including roughly $120 million for new and repositioned boutiques opening in Fiscal 2026 and Fiscal 2027, and about $80 million for its distribution centre network and technology. The company is targeting an Adjusted EBITDA margin of 16.5% to 17.0% of net revenue for Fiscal 2026, up from 14.8% in Fiscal 2025, despite an estimated 280 basis points of headwind from tariffs and the removal of the de minimis exemption.
Jennifer Wong said, “Our strong performance has continued into the fourth quarter, as an outstanding client response to our Winter assortment fueled record sales over the holiday period. Excellent operational execution across our three strategic growth levers – geographic expansion, digital growth and increased brand awareness – is driving sustained brand momentum and keeping Aritzia top of mind.”
