Aritzia is a vertically integrated design house. Credit: bargainmoose / commons.wikimedia.org.

Canadian women’s fashion brand Aritzia has reported that its revenue grew 37.8% to C$624.6m ($465.07m) in the third quarter (Q3) of fiscal 2023 (FY23).

In the three months to 27 November, net revenue for the company’s US business was C$313.5m ($233.4m), up by 57.8% from a year earlier and accounting for 50.2% of its total Q3 2023 revenue.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Aritzia’s retail and e-commerce net revenues increased by 38.6% and 36.1% respectively during the quarter.

The company recorded a gross profit of C$270.7m in Q3 2023, up 28.8% from a year earlier, while its gross profit margin decreased by 310 basis points from 46.4% to 43.3% year-on-year.

Its net income was C$70.7m, up by 8.9% from C$64.9m in Q3 2022, and its adjusted net income was C$76.6m.

Aritzia recorded earnings per diluted share of C$0.61 for Q3, an increase of 8.9% from C$0.56 in Q3 2022.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Aritzia CEO Jennifer Wong said: “The outstanding momentum in our business continued through the record-breaking third quarter of fiscal 2023, resulting in net revenue of $625m, the highest of any quarter in Aritzia’s history.

“All geographies and all channels contributed to our better than anticipated results, fuelled by a tremendous client response to our collection of beautiful products and our Everyday Luxury experience.

“Revenue in the United States grew 58%, driven by our growing brand awareness and exceptional comparable store sales results.

“Total e-commerce revenue increased an impressive 36% on top of 47% last year, showcasing the strength of our multi-channel business.”

For the full year, Aritzia has increased its net revenue expectation to be between C$2.14bn and C$2.16bn.

Based in Vancouver, the company sells products at more than 100 boutiques across North America, as well as via its e-commerce platform.

In 2021, it agreed to acquire the majority of shareholdings in premium sportswear designer and manufacturer Reigning Champ.