Aritzia Inc., a design house with an innovative global platform offering covetable styles online, on its app and in its boutiques, announced Thursday its financial results for the fourth quarter and full year ended March 1, 2026.
Founded in 1984 in Vancouver, the retailer has 140+ boutiques throughout North America.
“We achieved record net revenue of $1.2 billion in the fourth quarter of Fiscal 2026, an outstanding 33% increase compared to last year. Comparable sales grew 28%, on top of 26% growth in the fourth quarter of Fiscal 2025, with broad-based strength across the business. Our exceptional performance was driven by robust demand for our Everyday Luxury offering, which we supported with strong inventory management. Client demand was fueled by our digital initiatives, new boutique openings and strategic marketing investments. Excellent net revenue growth of 38% in the United States and 24% in Canada highlight the strength and amplification of the Aritzia brand across all geographies,” said Jennifer Wong, Chief Executive Officer. “In addition, we generated a meaningful increase in our adjusted EBITDA margin, despite the significant impact from tariffs and the elimination of the de minimis exemption, resulting in a 39% increase in adjusted net income per diluted share.
“Our strong momentum has continued into the first quarter of Fiscal 2027, driven by an outstanding client response to our Spring/Summer assortment. Underpinned by the strength of the Aritzia brand, our proven operating model and our healthy balance sheet, our business has never been better positioned for growth. Having already achieved our Fiscal 2027 revenue target one year early, we look forward to sharing our next long term strategic plan in the fall. Meanwhile we remain steadfast in further advancing our three strategic growth levers – geographic expansion, digital growth and increased brand awareness – all while continuing to invest in infrastructure to support our growth,” continued Ms. Wong.
Aritzia outlined its Fourth Quarter Highlights
For Q4 2026, compared to Q4 2025:
- Net revenue increased 32.6% to $1.19 billion, with comparable sales growth of 27.7%
- United States net revenue increased 37.8% to $755.3 million, comprising 63.7% of net revenue
- Retail net revenue increased 35.0% to $698.2 million
- Digital (formerly “eCommerce”) net revenue increased 29.2% to $488.3 million, comprising 41.2% of net revenue
- Gross profit margin increased 90 bps to 43.3%
- Selling, general and administrative expenses as a percentage of net revenue decreased 110 bps to 26.3%
- Adjusted EBITDA increased 37.1% to $220.5 million. Adjusted EBITDA as a percentage of net revenue increased 60 bps to 18.6%
- Net income increased 34.8% to $134.3 million. Net income as a percentage of net revenue increased 20 bps to 11.3%. Net income per diluted share increased 33.3% to $1.12 per share, compared to $0.84 per share in Q4 2025
- Adjusted Net Income increased 41.0% to $138.2 million. Adjusted Net Income per Diluted Share increased 38.6% to $1.15 per share, compared to $0.83 per share in Q4 2025.
Aritizia outlined its Strategic Accomplishments for Fiscal 2026
- Drove a 35% increase in net revenue, resulting in a strong 4-year compound annual growth rate of 25%, and achieved our Fiscal 2027 net revenue target of $3.5 to $3.8 billion one year early
- Generated unparalleled demand for the Aritzia brand, supported by strong inventory management demand for the Aritzia brand, supported by strong inventory management, which fueled 27% comparable sales growth
- Refined digital and brand marketing strategies to help protect and propel the Aritzia brand, grow awareness and generate new client acquisition
- Opened 14 new boutiques and repositioned four existing boutiques, including another iconic, brand-propelling flagship location in Manhattan’s Flatiron district
- Launched the Aritzia app, which provides clients with greater access to the Company’s product assortment, styling expertise and guidance, and exclusive product and content
- Delivered a 260 basis point improvement in Adjusted EBITDA as a percentage of net revenue, despite 260 bps of pressure from tariffs and the elimination of the de minimis exemption, driven by expense leverage, IMU improvement, lower markdowns and savings from the Company’s smart spending initiative.
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