Aritzia Inc., a design house with an innovative global platform offering Everyday Luxury™ online and in its boutiques, announced on Thursday its financial results for the third quarter ended November 30, 2025.
“We delivered record net revenue of $1.04 billion in the third quarter of Fiscal 2026, a 43% increase compared to last year. Comparable sales grew 34%, with exceptional growth in all channels and all geographies. 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. Our impressive growth in the United States continued as net revenue increased 54%, highlighting our expanding awareness and the tremendous momentum of the Aritzia brand,” said Jennifer Wong, Chief Executive Officer. “In addition, we continued to expand our margins and delivered a 55% increase in adjusted net income per diluted share.”
“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. This momentum, along with our proven operating model and healthy balance sheet, gives us confidence in our long-term goals for the business and our ability to deliver profitable growth for our shareholders.”
Third Quarter Highlights
For Q3 2026, compared to Q3 2025:
- Net revenue increased 42.8% to $1.04 billion, with comparable sales growth of 34.3%
- United States net revenue increased 53.8% to $621.1 million, comprising 59.7% of net revenue
- Retail net revenue increased 35.1% to $657.3 million
- eCommerce net revenue increased 58.2% to $383.0 million, comprising 36.8% of net revenue
- Gross profit margin increased 30 bps to 46.0%
- Selling, general and administrative expenses as a percentage of net revenue decreased 170 bps to 27.9%
- Adjusted EBITDA increased 52.2% to $207.6 million. Adjusted EBITDA as a percentage of net revenue increased 120 bps to 20.0%
- Net income increased 87.5% to $138.9 million. Net income as a percentage of net revenue increased 320 bps to 13.4%. Net income per diluted share increased 84.1% to $1.16 per share, compared to $0.63 per share in Q3 2025
- Adjusted Net Income increased 58.1% to $131.2 million. Adjusted Net Income per Diluted Share increased 54.9% to $1.10 per share, compared to $0.71 per share in Q3 2025
Aritzia expects the following for the fourth quarter of Fiscal 2026:
“Based on quarter-to-date trends, Aritzia expects net revenue in the range of $1.100 billion to $1.125 billion, representing growth of approximately 23% to 26%. The Company expects gross profit margin to be approximately flat to up 50 bps and SG&A as a percentage of net revenue to be approximately flat to down 50 bps for the fourth quarter of Fiscal 2026 compared to the fourth quarter of Fiscal 2025.”
Aritzia said it expects the following for Fiscal 2026:
- Net revenue in the range of $3.615 billion to $3.640 billion, representing growth of approximately 33% from Fiscal 2025. This includes the contribution from retail expansion with 13 new boutiques and four boutique repositions. Twelve new boutiques and two repositions are expected to be in the United States with the remainder in Canada.
- Adjusted EBITDA as a percentage of net revenue to be approximately 16.5% to 17.0% compared to 14.8% in Fiscal 2025, driven by leverage on store occupancy costs, IMU improvements, lower warehousing costs and savings from the Company’s smart spending initiative and expense leverage, offset by approximately 280 bps of pressure from additional tariffs and the elimination of the de minimis exemption. Excluding this pressure, Aritzia would expect Adjusted EBITDA as a percentage of net revenue to be approximately 19.3% to 19.8%.
- Capital cash expenditures (net of proceeds from lease incentives) of approximately $200 million. This includes approximately $120 million related to investments in new and repositioned boutiques expected to open in Fiscal 2026 and Fiscal 2027. It also includes approximately $80 million related to the Company’s distribution centre network, including its new facility in the Vancouver area, and technology investments.
- Depreciation and amortization of approximately $110 million.
- Foreign exchange rate assumption for the fourth quarter of Fiscal 2026 USD:CAD = 1.40.
Founded in 1984 in Vancouver, there are 140 boutiques throughout North America.
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Is there a typo in this report? How can they be in q3 2026 when we’re just days into 2026?