Aritzia delivered record net revenue of $1.04 billion in Q3 2026, a 43% increase compared to last year, with comparable sales growing 34% across all channels and geographies. US revenue surged 53.8% year-over-year in Q3 2026, with management raising US store targets to 180–200 locations. The company maintains a healthy balance sheet with cash and equivalents of $620.5 million, positioning it for continued expansion and strategic investments.
Cyborg Score Rationale
Aritzia has exceeded earnings expectations for the tenth consecutive quarter. Net income rose 87.5% to $138.9M and free cash flow surged 175.3% to $286.3M. The company demonstrates exceptional execution with strong profitability, momentum across all channels, and robust capital allocation.
Top Insights
Record Q3 revenue of $1.04B (+43% YoY) with 34% comparable sales growth across all channels and geographies
Digital initiatives including app launch, new boutique openings, and strategic marketing investments driving performance
Tariffs and elimination of de minimis exemption creating approximately 280 bps of headwind to adjusted EBITDA margin, challenging cost control and pricing power
Full-year FY2026 outlook expects net revenue of $3.615-3.640 billion, representing approximately 33% growth from FY2025
Named Competitors
Lululemon — Premium athletic and casual apparel
Urban Outfitters — Contemporary fashion and lifestyle retailer
Free People — Contemporary women's apparel and accessories
Everlane — Transparent pricing casual fashion
Recent Developments
(January 2026) Delivered record Q3 net revenue of $1.04 billion, 43% increase YoY
(January 2026) Full-year FY2026 net revenue guidance of $3.615-3.640 billion with 13 new boutiques and 4 repositions
(November 2025) Partnership with Nedap announced to bring item-level inventory visibility technology
Open the full interactive Aritzia Inc. report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.