Aritzia comparable sales growth in Q3

Aritzia has not yet reported Q3 fiscal 2027 comparable sales. As of October 14, 2026, Q3 fiscal 2027 comparable-sales results are not yet reported ^[1][2][3][4]. The quarter spans September through November 2026, with an expected earnings release on January 13, 2027, after market close; reconfirmation by Aritzia is recommended ^[5][3][4]. Management’s latest official Q3 outlook, issued October 8, calls for comparable-sales growth in the high teens ^[1][2][6]. Net revenue guidance for Q3 is C$1.275 billion–C$1.325 billion, an approximate 23%–27% year-over-year increase ^{[1][2][6][3][4]}. Key Q3 financial expectations include an adjusted gross-margin expansion of 100–150 basis points versus 46.0% in Q3 fiscal 2026, and SG&A deleverage of 50–100 basis points versus 27.9%, attributed to infrastructure-investment timing ^[1][2][7][8].

Recent quarters show robust comparable sales growth, driving guidance increases. The latest reported quarter, Q2 fiscal 2027 (ended August 31, 2026), produced 34.5% comparable-sales growth and C$1.17 billion of net revenue, up 44.1% year over year ^{[1][2][9][3][4]}. Growth was double-digit positive across channels and geographies; Q2 digital revenue grew 68% and U.S. revenue grew about 60% ^{[1][2][9][7][8][10][3][4]}. Q1 fiscal 2027 comparable sales grew 35.0% ^[3][4]. Management stated momentum continued into Q3, citing positive customer response to the Fall product assortment ^[3][4]. For fiscal 2027, management raised net-revenue guidance to C$4.78 billion–C$4.88 billion, representing 29%–32% growth, driven by low-20s comparable-sales growth plus 12–13 new boutiques and four–five repositions ^[1][2][8][6]. Of these, 11–12 new stores and two–three repositions are planned for the United States ^[1][2][8][6].

Growth drivers include U.S. expansion, but tough comparisons pose risks. Main operating supports cited by management and analysts are strong fall-product demand, healthy inventory, U.S. expansion, digital initiatives, and marketing ^{[7][8][6][10]}. The principal Q3 risk is a difficult comparison against the prior-year mobile-app launch and exceptionally strong late-2025 growth ^{[7][8][6][10]}. UBS analyst Mauricio estimates average annual EPS growth of 27% over the next five years, supported by a mid-teens sales-growth algorithm, describing Aritzia as an attractive softlines growth story ^[8]. This is an expert opinion, not company guidance ^[8]. A base-case Q3 comparable-sales growth prediction is high-teens, approximately 17%–19%, consistent with management’s guidance and the difficult mobile-app anniversary ^{[1][2][8][11]}. An upside case is around 20%–22% if U.S. demand, digital momentum, and fall product remain unusually strong; a downside case suggests roughly 13%–16% if the comparison materially suppresses traffic or tariffs weaken demand ^{[1][2][8][11]}. This constitutes an analytical estimate, not published guidance ^{[1][2][8][11]}. A Kalshi-linked prediction market for Aritzia fiscal-2027 comparable-sales growth (annual, not Q3 specific) is scheduled to resolve July 30, 2027, with the Above-15% contract at 94% as of October 7, 2026 ^[11].