Aritzia Inc (TSX:ATZ) reported first quarter fiscal 2027 results that exceeded analyst expectations, driven by strong comparable sales growth, accelerating US demand and higher digital revenue, while the apparel retailer raised its full-year revenue outlook.
Adjusted earnings per diluted share came in at C$0.96, up 95.9% from a year earlier and ahead of analyst estimates of C$0.88
Net revenue increased 43.4% year over year to C$951 million, surpassing consensus estimates of about C$910.2 million. Comparable sales rose 35.1% during the quarter ended May 31, with growth across all geographies and sales channels. US revenue climbed 54.5% to C$638.1 million, accounting for 67.1% of total net revenue, while Canadian revenue increased 25.0% to C$312.9 million.
Digital revenue rose 55.5% to C$284.7 million, representing 29.9% of total revenue. Aritzia CEO Jennifer Wong attributed the performance to broad-based demand across the business, supported by inventory availability, digital initiatives, boutique openings and marketing investments. Looking ahead, Aritzia said it expects second quarter net revenue of C$1.1 billion to C$1.125 billion, representing growth of approximately 35% to 39% from the prior year.