Aritzia Inc

Latest Results (18.05.2026):

Aritzia Inc. delivered strong results in its fourth quarter of Fiscal 2026 (Q4 2026), reporting record net revenue of $1.19 billion (up 32.6% year-over-year) and comparable sales growth of 27.7%. The quarter showed broad-based strength—particularly in the United States—meaningful margin expansion and double‑digit earnings per share gains, and management noted it achieved its Fiscal 2027 revenue target one year early.

Top-line performance

Q4 2026 net revenue was $1,186.5M (+32.6% vs Q4 2025; +35.7% constant currency). Comparable sales rose 27.7%, driving the increase in both digital and boutique sales.

Regional mix

U.S. net revenue grew 37.8% to $755.3M and represented 63.7% of net revenue; Canada revenue increased 24.3% to $431.2M—highlighting strong U.S. expansion and continued Canadian growth.

Channel performance

Retail net revenue was $698.2M (+35.0%) and digital net revenue was $488.3M (+29.2%), with digital accounting for 41.2% of sales in the quarter.

Profitability & margins

Gross profit rose 35.2% to $514.0M and gross margin expanded 90 bps to 43.3%. SG&A declined 110 bps as a percent of revenue to 26.3%, supporting margin improvement despite tariff and de‑minimis headwinds.

Adjusted EBITDA & net income

Adjusted EBITDA was $220.5M (18.6% of revenue), up 37.1% y/y. Net income was $134.3M (+34.8%) and net income margin was 11.3%.

Earnings per share & adjusted results

Net income per diluted share was $1.12 (up 33.3% y/y). Adjusted net income was $138.2M and adjusted net income per diluted share was $1.15 (up 38.6%).

Cash, inventory & capital spending

Cash and cash equivalents totaled $592.1M (vs $285.6M a year earlier). Inventory was $495.2M (+30.5%). Q4 capex (net) was $69.9M and Fiscal 2026 capex (net) was $237.5M, including investments in boutiques and a new distribution centre.

Boutique expansion

Boutique count at quarter end was 144 (vs 130 at Q4 2025). During Fiscal 2026 the company opened 14 new boutiques and repositioned four others, supporting retail revenue growth and brand presence.

Capital allocation & share activity

The company repurchased 1,371,109 SVS in Fiscal 2026 for $144.9M (Q4 repurchases: 897,409 shares for $103.7M). A secondary offering by selling shareholders raised $208.6M; founder Brian Hill remained the largest shareholder (~15.8%).

Outlook (Q1 FY2027 & Fiscal 2027)

Aritzia expects Q1 FY2027 net revenue of $900M–$925M (≈+36–39% y/y) and projects Fiscal 2027 net revenue of $4.4B–$4.6B (≈+19–24% vs FY2026), with further gross margin expansion and Adjusted EBITDA around 19% of revenue. Management reiterated focus on geographic expansion, digital growth and brand building.