VANCOUVER, BC, July 9, 2026 /CNW/ - Aritzia Inc. (TSX: ATZ) ("Aritzia", the "Company", "we" or "our"), a design house with an innovative global platform offering covetable styles online, on its app and in its boutiques, today announced its financial results for the first quarter ended May 31, 2026 ("Q1 2027").
"We delivered exceptional net revenue growth of 43% in the first quarter of Fiscal 2027, including an outstanding 35% increase in comparable sales. Our momentum was broad-based across the business - spanning all geographies, channels and categories. Robust demand for our Spring and Summer product, supported by our healthy inventory position, fueled this phenomenal performance. Our digital initiatives, new boutique openings and strategic marketing investments continued to drive increased awareness and widespread affinity for the Aritzia brand. Notably, our digital business gained significant momentum, with net revenue growth accelerating to 56%, while the United States remained our largest growth market with a 55% top line increase," said Jennifer Wong, Chief Executive Officer. "In addition, we expanded our adjusted EBITDA margin by 410 basis points to a first quarter record of 20%. All of this culminated in a 96% increase in adjusted net income per diluted share."
"Importantly, 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. 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," continued Ms. Wong.
First Quarter Highlights
For Q1 2027, compared to Q1 20261:
Net revenue increased 43.4% to $951.0 million, with comparable sales2 growth of 35.1%
United States net revenue increased 54.5% to $638.1 million, comprising 67.1% of net revenue
Canada net revenue increased 25.0% to $312.9 million, comprising 32.9% of net revenue
Retail net revenue increased 38.7% to $666.3 million, comprising 70.1% of net revenue
Digital (formerly "eCommerce") net revenue increased 55.5% to $284.7 million, comprising 29.9% of net revenue
Gross profit margin2 increased 310 bps to 50.3%
Selling, general and administrative expenses as a percentage of net revenue decreased 150 bps to 32.0%
Adjusted EBITDA2 increased 80.5% to $191.6 million. Adjusted EBITDA as a percentage of net revenue2 increased 410 bps to 20.1%
Net income increased 176.6% to $117.3 million. Net income as a percentage of net revenue increased 590 bps to 12.3%. Net income per diluted share increased 175.0% to $0.99 per share, compared to $0.36 per share in Q1 2026
Adjusted Net Income2 increased 98.3% to $113.9 million. Adjusted Net Income per Diluted Share2 increased 95.9% to $0.96 per share, compared to $0.49 per share in Q1 2026