Aritzia raises 2027 outlook as Q2 revenue up 44 per cent to $1.17 billion

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsRetail & MarketingAritzia raises 2027 outlook as Q2 revenue up 44 per cent to $1.17 billionThe U.S. is Aritzia's 'highest-priority growth market' and the company plans to open six new U.S. boutiques in the third quarterAritzia Inc. at Robson and Granville streets in Vancouver. Photo by Arlen Redekop/Postmedia filesAritzia Inc. upgraded its full-year outlook on Thursday as the Canadian clothing retailer reported strong second-quarter results and continues to expand its physical and digital reach into U.S. markets.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Vancouver-based company said net revenue grew 44 per cent to $1.17 billion in the second quarter, which ended Aug. 31.Adjusted net income, which excludes the impact of one-time items, increased 122 per cent to $156 million. Adjusted earnings per share were $1.31 per share, up from $0.59 cents per share a year earlier and well above analysts’ forecasts of $1.05 per share.This advertisement has not loaded yet, but your article continues below.On a call with analysts, Aritzia chief executive Jennifer Wong attributed the quarter’s strength to all geographies, channels and product categories.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“We generated high demand for our summer and fall collections and supported this with optimal inventory positioning,” she said. “In addition, strategic investments in digital, real estate and marketing continue to expand our reach.”In the U.S., a major growth engine that accounts for 66 per cent of Aritzia’s business, net revenue grew 60 per cent to $779 million. The country is Aritzia’s “highest-priority growth market,” said chief financial officer Todd Ingledew, and the company plans to open six new U.S. boutiques in the third quarter.During the second quarter, Aritzia also received around $97.4 million in refunds from U.S. tariffs levied under the International Emergency Economic Powers Act (IEEPA). The tariffs were ruled illegal by the U.S. Supreme Court in Feb­ru­ary, entitling thousands of importers to billions in refunds.Aritzia’s Canadian net revenue increased nearly 20 per cent to $390 million, which Ingledew said reinforces the “enduring loyalty” of shoppers in its home market.This advertisement has not loaded yet, but your article continues below.The company’s retail net revenue increased 34 per cent to just under $767 million, while digital net revenue increased almost 68 per cent to just shy of $403 million.Based on year-to-date performance and the “continued momentum” Aritzia sees in its business, Ingledew said the company is raising its full-year fiscal 2027 outlook and now expects to earn between $4.78 billion to $4.88 billion, representing growth of 29 per cent to 32 per cent from the previous year.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.