Aritzia posts strong quarter as comps soar; opening in three new U.S. markets in Q2
Aritzia Inc. continues to gain momentum, fueled by investments in new stores, digital initiatives and strong demand across channels and categories.
The Canada-based, vertically integrated fashion retailer is on track to open 11 to 12 new U.S. stores and three repositions in its current fiscal year. On the company’s earnings call, CEO Jennifer Wong said Aritzia will make its debut in three new markets during the second quarter: Birmingham, Ala.; New Orleans; and St. Louis.
Wong also told analysts that Aritzia has moved to a larger store size.
“Ten years ago, we talked about an average boutique size of 6,000 square feet,” she said. “A few years later, we discussed average boutique sizes being 8,000 square feet and now we are at 10,000-plus square feet.”
Aritzia also operates large flagship locations. In late 2025, it opened a 25,000-plus-sq.-ft. store in Manhattan’s Flatiron district. The retailer is on track to open one of its most ambitous locations to date, a flagship in its Vancouver hometown. Opening in 2027, the four-level, 40,000-sq.-ft. store at a site that formerly housed Nordstrom
First Quarter
Aritzia's net income jumped 176.7 % to $117.3 million, or $0.99 per diluted share, in the quarter ended May 31, compared with $42.39 million, or $.36 per share, in the year-ago period. Adjusted net income increased 98.3% to $113.9 million, or $0.96 per share. (All dollar figures are in Canadian dollars.)
The company’s first-quarter net revenue rose 43.4% to $951 million. In the U.S., Aritzia’s largest growth market, net revenue increased 54.5% to $638.1 million, comprising 67.1% of net revenue.
Retail net revenue increased 38.7% to $666.3 million, with the company crediting the increase to outstanding comparable sales growth in both countries and the strong performance of the company's new and repositioned stores. Digital net revenue increased 55.5%
Comparable sales surged 35.1%. All channels and all geographies generated positive double-digit growth, driven by exceptional demand for the company's product offering, supported by its digital initiatives and strategic marketing investments, Aritzia said,
Retail net revenue increased 38.7% to $666.3 million, with the company crediting the increase to outstanding comparable sales growth in both countries and the strong performance of the company's new and repositioned boutiques
"Our strong momentum has carried into the second quarter of fiscal 2027 as we consistently deliver against our three strategic growth levers — geographic expansion, digital growth and increased brand awareness,” Wong stated in the earnings release. “We also continue to invest in world-class infrastructure to ensure we remain well-positioned to capitalize on our long runway for growth in the United States and beyond. The strength of the Aritzia brand has never been more evident, and we look forward to executing on our strategic vision for the future.
As of May 31, Aritzia operated 143 stores, with 76 in the U.S. and 67 in Canada.
