Aritzia Q1 fiscal 2027 sees strong growth across all markets

Canadian retailer Aritzia reported a strong start to fiscal 2027, with first-quarter net revenue rising 43.4 percent to 951 million Canadian dollars driven by strong demand across its fashion collections, digital sales and boutique network.

CEO Jennifer Wong said the retailer delivered "exceptional net revenue growth" as "robust demand" for its spring and summer collections, supported by digital initiatives, new boutique openings and marketing investment, helped drive momentum across all markets.

Comparable sales increased 35.1 percent, while adjusted EBITDA rose 80.5 percent to a record 191.6 million dollars. Net income nearly tripled to 117.3 million dollars.

The US remained the brand's fastest-growing region, with sales up 54.5 percent, while digital revenue jumped 55.5 percent. In its home market of Canada, net revenue was up 25 percent to 312.9 million dollars.

The fashion retailer also continued expanding its physical footprint, opening 14 boutiques and repositioning five over the past year, bringing its total store count to 143.

Looking ahead, Aritzia expects second-quarter revenue growth of 35 to 39 percent and forecast full-year sales of between 4.55 billion and 4.75 billion dollars. The company plans to open 12 to 13 new boutiques this year, the majority in the US, as it continues to invest in geographic expansion, digital growth and brand awareness.

Wong added: "The strength of the Aritzia brand has never been more evident, and we look forward to executing on our strategic vision for the future."