Aritzia lifts fiscal 2027 outlook after 44% quarterly revenue surge

Aritzia to open 12 to 13 new boutiques, mostly in U.S.

Aritzia raised its fiscal 2027 revenue outlook to between C$4.78 billion and C$4.88 billion on Thursday after the Canadian women’s apparel retailer reported a 44% jump in second-quarter net revenue to C$1.17 billion, propelled by 35% growth in U.S. sales.

The revised range, C$4.78 billion to C$4.88 billion ($3.35 billion), represents 29% to 32% growth over the prior year and tops both Aritzia’s prior guidance of C$4.55 billion to C$4.75 billion and the C$4.71 billion analyst consensus compiled by FactSet.

For the three months ended Aug. 30, Aritzia posted net income of C$201.7 million, or C$1.70 a share, up from C$66.3 million, or C$0.56 a share, a year earlier. Adjusted earnings, which strip out exceptional items and one-off costs, came to C$1.31 a share, ahead of the C$1.05 FactSet estimate. Quarterly net revenue of C$1.17 billion also exceeded the C$1.12 billion analyst forecast.

U.S. revenue, which now accounts for two-thirds of total revenue, rose 35% to C$779.4 million. Canadian net revenue climbed 20% to C$390.4 million. Digital sales surged 68% to C$402.9 million and now make up 34% of all sales, while revenue at brick-and-mortar locations rose 34% to C$766.9 million. Comparable sales growth, which tracks existing locations open for at least a year, came in at 35%.

Chief Executive Jennifer Wong said high demand for Aritzia’s summer and fall lineups, along with optimizations in inventory positioning, drove the quarter’s results. She said strategic investments in real estate, digital, and marketing continued to expand the company’s reach and increase client engagement.

Alongside the revenue lift, Aritzia raised its expected adjusted EBITDA margin for fiscal 2027 to 20%, up from 17.8% in fiscal 2026. For the current third quarter, the company guided to revenue of C$1.275 billion to C$1.325 billion — growth of 23% to 27% from the prior year.

Most of the planned expansion this fiscal year will land on U.S. soil. Aritzia said it expects to open 12 to 13 new boutiques and reposition 4 to 5 existing locations during the year. The retailer did not specify which markets would receive the new stores.