Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency 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 Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsRetail & MarketingAritzia's hot streak continues with net income up 176% in Q1Net revenue grew 43% on momentum spanning 'all geographies, channels and categories' You can save this article by registering for free here. Or sign-in if you have an account.An Aritzia Inc. store at Robson and Granville streets in Vancouver, B.C. Photo by Arlen Redekop/Postmedia filesAritzia Inc.’s hot streak is continuing into its new fiscal year as first-quarter net revenue grew 43 per cent on momentum spanning “all geographies, channels and categories,” the women’s clothing retailer said Thursday.Subscribe 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 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.Create 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.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 Accountor“Robust demand for our spring and summer product, supported by our healthy inventory position, fueled this phenomenal performance,” Aritzia chief executive Jennifer Wong said in a release.The Vancouver-based company reported $951 million in net revenue for the three months ended May 31, beating analysts’ average estimate of $922 million. Net income increased 176 per cent to $117 million.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 againAdjusted net income, which excludes the impact of non-recurring items, increased 98 per cent to nearly $114 million. Adjusted earnings per share were $0.96 cents per share, up from $0.49 cents per share a year earlier and above the $0.88 cents per share forecasted by analysts.Aritzia reported 35 per cent growth in comparable sales, a metric that combines revenue growth from online sales and stores that have been open for more than a year.The retailer ended the first quarter with 143 stores across Canada and the United States, up from 131 locations a year earlier. It said strong comparable sales in both countries and in new and renovated boutiques helped retail net revenue grow nearly 39 per cent to $666 million.Digital net revenue gained “significant momentum” and spiked 55 per cent to nearly $285 million, driven by traffic growth, Aritzia’s mobile app and investments in digital marketing.The company said its ongoing U.S. expansion strategy, as well as “outstanding” comparable sales growth online and in existing stores, helped raise net revenue in the country by 54 per cent to $638 million. The U.S. now accounts for 67 per cent of the retailer’s business.Canadian net revenue was up 25 per cent to just shy of $313 million, also driven by digital and in-store comparable sales growth.When Aritzia released its fourth quarter results in May, it said it had hit its 2027 revenue target one year early. The company said Thursday it now expects fiscal 2027 net revenue in the range of $4.55 billion to $4.75 billion, representing growth of approximately 23 per cent to 28 per cent from fiscal 2026. Join the Conversation This 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.