Aritzia sees record-breaking Black Friday, Q3 net income hits $138.9 million
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VANCOUVER – As 2025 drew to a close, Aritzia Inc. was on the precipice of a banner shopping season and the end of a record quarter for net revenue.
CEO Jennifer Wong said Thursday that when the biggest shopping day of the year hit, consumers weren’t shying away from opening their wallets.
“The holiday season was off to a great start as we delivered another record-breaking Black Friday event,” she told analysts.
“Retail sales in both Canada and the United States hit an all-time daily high, with nearly 60 per cent of our boutiques achieving all-time sales records.”
The onset of the holiday shopping season was reflected in Aritzia’s third-quarter results, which cover a period that ended Nov. 30, two days after Black Friday.
In the quarter, Aritzia reported $138.9 million in net income, up from $74.1 million during the same period last year.
The Vancouver-based clothing company’s net income per diluted share came in at $1.16 compared with 63 cents per diluted share a year earlier.
Its net revenue rose 42.8 per cent to $1.04 billion in the third quarter, from $728.7 million during the same period a year earlier.
Wong said the “standout quarter” marked the first time its net revenue crossed the $1 billion mark.
She attributed much of the success to the recent launch of Aritzia’s app, investments in marketing and several new boutique openings.
At the end of the quarter, the company had 139 stores, up from 127 a year earlier. Many of those store openings have been concentrated in the U.S., where Aritzia is in expansion mode.
Net revenue attributable to the U.S. market increased 53.8 per cent during the period to $621.1 million, accounting for just under 60 per cent of its total revenue.
The company hopes to grow those numbers with four more boutiques in the fourth quarter. They’re slated for Cincinnati, Las Vegas, Los Angeles and Scottsdale, Wong said.
The openings will build on the October debut of Aritzia’s app, which Wong said has been downloaded by more than one million people, “far exceeding our expectations.”
“Clients were quick to discover the value the Aritzia app provides to them, including greater access to our product assortment, styling expertise and guidance, and exclusive products and content,” she said.
“This is driving increased conversion and helping further fuel the momentum in our e-commerce business.”
This report by The Canadian Press was first published Jan. 8, 2026.
Companies in this story: (TSX:ATZ)