Aritzia Reports Record Q1 2026 Growth Across All Channels

Aritzia delivered a standout start to fiscal 2026, posting double-digit gains in revenue and profit as its multi-channel strategy continues to pay off.

Aritzia posts record revenue and profit growth

Vancouver-based Aritzia, a leader in contemporary fashion, reported net revenue of $663 million for the first quarter of fiscal 2026, up 33% from last year. Comparable sales climbed 19%, with double-digit gains in both retail and eCommerce, and strong performance across all regions.

“We achieved net revenue of $663 million in the first quarter of Fiscal 2026, a 33% increase compared to last year. Comparable sales grew 19%, fueled by double-digit growth in all channels and all geographies. Our results were driven by the strong performance of our Spring/Summer product, which resonated exceptionally well with our clients, as well as our optimized inventory position, strategic marketing investments and our new and repositioned boutique openings. Growth was consistent across channels, with net revenue increasing 34% in retail and 30% in eCommerce, underscoring the broad strength of our multi-channel business. Our performance in the United States, where net revenue increased a tremendous 45%, continued to fuel our results,”
Jennifer Wong, Chief Executive Officer, said.
“In addition, we generated meaningful gross profit margin expansion and SG&A leverage, resulting in outstanding adjusted EPS growth of over 90%.”

US market drives growth, eCommerce and retail both soar

Aritzia’s US business was a major growth engine, with net revenue up 45% to $413 million—now accounting for 62% of total sales. Retail net revenue rose 34% to $480 million, boosted by new and repositioned boutiques and strong comparable sales in both the US and Canada. eCommerce revenue also grew 30% to $183 million, making up nearly 28% of total sales.

Gross profit margin improved to 47.2% from 44.0% a year ago, driven by leverage on store occupancy costs, lower warehousing expenses, and savings from the company’s smart spending initiatives. Adjusted EBITDA jumped 77% to $95.3 million, and adjusted net income nearly doubled to $49.3 million.

Operational highlights and expansion

The company opened one new boutique and repositioned another during the quarter, bringing its total boutique count to 131. Over the past year, Aritzia has opened 13 new boutiques and repositioned three, continuing its real estate expansion strategy.

Aritzia ended the quarter with $292.6 million in cash and equivalents, up from $100.7 million a year ago, and inventory was up just 3% despite the significant sales growth—demonstrating disciplined inventory management.

Confident outlook for the year ahead

Looking forward, Aritzia expects second-quarter net revenue between $730 million and $750 million, representing 19% to 22% growth. The company also anticipates further gross margin expansion and continued SG&A leverage.

“Trends across the business remain strong, and we are pleased with the start to our second quarter. We continue to navigate macro developments from a position of financial and operational strength, as we adapt to the environment around us and execute across our key strategic growth levers—geographic expansion, digital growth and increased brand awareness. The strength of the Aritzia brand has never been greater, and yet we still have a long runway for growth in the United States. This gives me great confidence in our ability to execute and capitalize on all of the opportunities that lie ahead,”
Jennifer Wong added.

For the full fiscal year, Aritzia projects net revenue between $3.10 billion and $3.25 billion, with plans for at least 12 new boutiques and five repositionings—most in the US. Adjusted EBITDA margin is expected to improve to 15.5–16.5%, and capital expenditures will focus on new stores, distribution center investments, and technology.

Share repurchase and financial resilience

Aritzia also announced the continuation of its normal course issuer bid, allowing for the repurchase of up to 5% of its public float. During Q1, the company repurchased 15,200 shares for cancellation.

About Aritzia

Founded in 1984, Aritzia is a design house known for its Everyday Luxury™ approach, offering exclusive brands both online and in over 130 boutiques across North America. The company’s focus on quality, design, and immersive shopping experiences has made it a leader in contemporary fashion.