Aritzia (ATZ) investor relations material

Executive summary

• Achieved record Q3 2026 net revenue of $1.04 billion, up 42.8% year-over-year, surpassing guidance and marking the first billion-dollar quarter.

• Strong performance across all channels and geographies, with U.S. net revenue up 53.8% to $621.1 million and comparable sales growth of 34.3%.

• E-commerce net revenue grew 58.2%, retail up 35.1%, and continued momentum into Q4 with record-breaking holiday sales.

• Strategic focus on U.S. expansion, digital growth, and increased brand awareness, supported by new boutique openings and marketing initiatives.

• Maintained robust liquidity with $620.5 million in cash, no debt, and ongoing share repurchases.

Financial highlights

• Gross profit margin improved by 30 bps to 46.0% year-over-year; gross profit rose to $479 million.

• Adjusted EBITDA increased 52.2% to $207.6 million, with margin up 120 bps to 20.0%.

• Net income rose 87.5% to $138.9 million; adjusted net income per diluted share up 54.9% to $1.10.

• SG&A expenses as a percentage of net revenue decreased 170 bps to 27.9%.

• Inventory at $508.2 million, up 10% year-over-year; free cash flow for Q3 2026 was $286.3 million.

Outlook and guidance

• Q4 2026 net revenue expected between $1.1–$1.125 billion, up 23–26% year-over-year.

• Fiscal 2026 net revenue guidance raised to $3.615–$3.64 billion, up ~33% from prior year.

• Adjusted EBITDA margin outlook increased to 16.5–17.0% for fiscal 2026.

• 13 new boutiques and 4 repositions planned for fiscal 2026.

• On track to achieve fiscal 2027 revenue target one year early, with long-term plan targeting 15–17% CAGR through FY2027.