Aritzia, the fast-growing, increasingly popular women’s fashion retailer, is targeting heady growth over the next five years.
On Tuesday, Aritzia announced it’s striving to generate net revenue of between $9.5 billion and $10.5 billion in fiscal 2032, representing a 15 to 17 percent compound annual growth rate. That includes North America digital net revenue of approximately $4.1 billion to $4.5 billion, representing a compound annual growth rate of approximately 20 percent.
Adjusted earnings before interest taxes, depreciation and amortization, or EBITDA, is projected at 21 percent of net revenue by fiscal 2032, representing 100 basis points of expansion. Earnings per share growth is expected to outpace revenue growth, the company added.
Aritzia’s fiscal 2032 ends Feb. 29, 2032.
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Aritzia’s goals are based on plans for store openings at a steady pace, growing its digital business, adding categories to the assortment, expanding the business beyond its current footprint in the U.S. and Canada, and expected increased brand awareness.
“Our five-year plan builds on the tremendous momentum in our business and the proven growth levers that have driven our success,” Jennifer Wong, Aritzia’s chief executive officer, said in a statement. “Our United States business is delivering exceptional results and will remain our primary growth market through fiscal 2032, with substantial runway still ahead.
“At the same time,” Wong added, “we will begin taking an important step toward our long-term ambition of becoming famous around the world. We believe our unique strengths, long-term mindset and much-loved ‘Everyday Luxury’ experience position us to deliver sustained, profitable growth and enduring value for our shareholders.”
Aritzia’s “Everyday Luxury” tag line refers to the retailer’s niche selling elevated wardrobe essentials at attainable, non-designer prices. The company designs and sells its own women’s apparel and accessories collection, which has a broad, multigenerational appeal catering to different lifestyles.
Aritzia stages its investor day conference in New York Tuesday when executives will provides further details on the five-year plan.
In other goals, Aritzia is targeting 220 stores by fiscal 2032, driven by 12 to 14 new boutique openings annually in the U.S. “The company will capitalize on premier real estate opportunities, while expanding its geographic reach beyond Canada and the U.S.,” Aritzia indicated.
Founded in 1984 in Vancouver, Canada, Aritzia operates 146 stores in North America. They average about 10,000 square feet, with flagship locations at least 20,000 square feet.
Also on agenda, five to seven store repositions annually, retail square footage compounded annual growth in the mid-teens, a doubling of the client base over the five-year period, and capital cash expenditures (net of proceeds from lease incentives) of approximately $2 billion over the five-year period. Fifty percent of the company’s free cash flow is expected to be returned to shareholders through approximately $2 billion of share repurchases over the five-year period.
On the digital side, near-term priorities previously outlined by Wong include continuing to embed AI into how the team works and support clients, ongoing website enhancements, releasing new mobile app features and upgrades, honing digital marketing tactics and optimizing the omnichannel infrastructure.
Additionally, Aritzia has several projects in several areas of the business underway including investments in its distribution centers, technology, AI, merchandise planning software, customer initiatives and radio frequency identification, or RFID.
Aritzia’s heady growth agenda is not surprising considering its recent strong results. For the second quarter ended Aug. 30 this year, the company reported that its net revenue increased 44.1 percent to $1.17 billion, while comparable sales rose 34.5 percent. Net income increased 204.2 percent to $201.7 million. Helping the bottom line was $97.4 million in tariff refunds.
For the year ended March 1, 2026, Aritzia generated just over $3.7 billion in revenue, from $2.74 billion the year before.
