CORRECTED-Aritzia Q1 revenue up 33%, beats estimates (July 10)

Overview

• Canadian fashion retailer Aritzia's fiscal Q1 2026 revenue rose 33%, beating analyst expectations, per LSEG data

• Adjusted EPS for fiscal Q1 2026 exceeded estimates, reflecting strong operational performance, per LSEG data

• Company announced a normal course issuer bid to repurchase up to 5% of shares

Outlook

• Aritzia expects Q2 2026 revenue between C$730 mln and C$750 mln.

• Company anticipates FY 2026 revenue of C$3.10 bln to C$3.25 bln.

• Aritzia sees FY 2026 adjusted EBITDA margin at 15.5% to 16.5%.

Result Drivers

• SPRING/SUMMER PRODUCTS - Strong client response to Spring/Summer products drove revenue growth, per CEO Jennifer Wong

• BOUTIQUE EXPANSION - New and repositioned boutiques contributed to retail revenue increase

• U.S. GROWTH - 45% increase in U.S. revenue fueled by real estate expansion and eCommerce momentum

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for Aritzia Inc is C$82.50, about 9.6% above its July 9 closing price of C$74.58

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nCNW9G3tya