Aritzia aims to more than double sales by 2032 with new stores and categories

Vancouver-based Aritzia set out a five-year plan at its Investor Day in New York on 27 October, aiming to more than double its sales.

The targets (in Canadian dollars)

• Net revenue of C$9.5-10.5 billion in fiscal 2032, a compound annual growth rate of 15%-17% from its fiscal 2027 outlook. BoF puts the top of the range at about US$7.5 billion.
• Adjusted EBITDA of 21% of revenue (17.8% in fiscal 2026).
• North American digital revenue of about C$4.1-4.5 billion, growing roughly 20% a year.

How it plans to get there

The United States remains the main growth market: Aritzia plans 12 to 14 new boutiques a year there and 5 to 7 repositions, reaching about 220 boutiques by fiscal 2032, up from more than 145 today. New product categories are expected to add about C$1.5 billion in revenue, international expansion beyond Canada and the US up to C$500 million, and the company expects to roughly double its client base. It also plans a loyalty programme, about C$2 billion of net capital spending and about C$2 billion of share buybacks over five years.

“Our United States business is delivering exceptional results and will remain our primary growth market through Fiscal 2032,” said chief executive Jennifer Wong.

These are company forecasts, not results, and Aritzia lists tariffs, consumer spending and geopolitical conflicts among the risks.