Aritzia Reports Third Quarter Fiscal 2026 Financial Results
Executive Summary
- Aritzia reported record Q3 2026 net revenue of $1.04 billion, up 42.8% YoY (41.6% constant‑currency).
- Net income rose 87.5% to $138.9 million ($1.16 per diluted share), and Adjusted EBITDA increased 52.2% to $207.6 million (20.0% of net revenue).
- The company opened 13 new boutiques and repositioned 4, bringing total boutique count to 139; eCommerce revenue surged 58.2% YoY to $383 million.
Key Details
- Revenue & Growth
- Net revenue Q3 2026: $1,040.3 M (vs. $728.7 M in Q3 2025).
- Comparable sales growth: 34.3% YoY.
- United States net revenue: $621.1 M (+53.8% YoY), 59.7% of total.
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Canada net revenue: $419.2 M (+29.0% YoY).
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Segment Performance
- Retail net revenue: $657.3 M (+35.1% YoY).
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eCommerce net revenue: $383.0 M (+58.2% YoY), 36.8% of total revenue.
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Profitability
- Gross profit: $478.9 M (46.0% margin, +30 bps YoY).
- SG&A expense: $290.4 M (27.9% of revenue, –170 bps YoY).
- Adjusted EBITDA: $207.6 M (20.0% of revenue, +120 bps YoY).
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Net income: $138.9 M (13.4% of revenue, +320 bps YoY).
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Per‑Share Metrics
- Net income per diluted share: $1.16 (↑84.1%).
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Adjusted net income per diluted share: $1.10 (↑54.9%).
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Cash & Liquidity
- Cash and cash equivalents: $620.5 M (up from $207.0 M a year earlier).
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Free cash flow Q3 2026: $286.3 M (vs. $104.0 M YoY).
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Capital Expenditures
- Capital cash expenditures (net of lease incentives) Q3 2026: $55.6 M (down from $81.9 M YoY).
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YTD 2026 capital cash expenditures: $167.5 M (vs. $187.2 M YoY), primarily for new/repositioned boutiques and a new distribution centre in British Columbia.
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Boutique Expansion
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Opened 13 new boutiques and repositioned 4 during the quarter; total boutique count now 139 (up from 127).
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Outlook (Fiscal 2026)
- FY net revenue target: $3.615‑$3.640 billion, ~33% YoY growth.
- Adjusted EBITDA margin target: 16.5%‑17.0% (vs. 14.8% FY 2025).
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Capital cash expenditures forecast: ≈$200 M (≈$120 M for boutique expansion, ≈$80 M for distribution centre and technology).
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Normal Course Issuer Bid (NCIB) Update
- Repurchased 473,700 shares at an average price of $87.10, total cash outlay $41.3 M during the 39‑week period ended Nov 30 2025.
Notable Quotes
“We delivered record net revenue of $1.04 billion… driven by unparalleled demand for our Everyday Luxury™ offering and strategic digital initiatives.” – Jennifer Wong, CEO
“Our strong performance has continued into the fourth quarter… giving us confidence in our long‑term goals and ability to deliver profitable growth for shareholders.” – Jennifer Wong, CEO