What drove Aritzia Q3 results and the focus on ATZ stock today?

Q3 revenue hit C$1.04 billion, up 42.8%, with net income at C$138.9 million. The biggest drivers were 53.8% U.S. growth and a 58.2% surge in eCommerce following the Aritzia app launch. Better full-price sell-through and lower freight also supported margins. With upbeat Q4 and FY26 commentary, investors are reassessing growth durability, margin gains, and whether current momentum can sustain a premium multiple for ATZ stock.

Is ATZ stock expensive after the strong quarter?

By trailing metrics, ATZ stock trades around 54.5x earnings and roughly 4.0x sales, which is rich for apparel retail. That said, ROE near 25.8%, gross margin strength, and rapid U.S. expansion help justify a higher multiple. The path forward depends on converting app-driven traffic into repeat purchases, maintaining full-price sell-through, and scaling profitably in the U.S. Continued margin improvement would be key to supporting valuation.

What should Canadian investors watch next for Aritzia?

Watch the April 29, 2026 earnings release for updates on U.S. store productivity, digital engagement from the app, and gross margin trends. Monitor inventory turns and SG&A leverage as sales scale. Near term, technicals show strong momentum but overbought readings, so price action around C$115 to C$121 may matter. Over the medium term, sustained U.S. growth and stable margins are the main pillars for ATZ stock.

Global Market Insights

ATZ.TO Stock Today: January 10 — Q3 revenue tops $1B, U.S. leads

ByDanny Kontos January 10, 2026January 10, 2026

ATZ stock is in focus for Canadian investors today after Aritzia (ATZ.TO) posted record Q3 fiscal 2026 results. Revenue reached C$1.04 billion, up 42.8%, while net income rose to C$138.9 million. Growth was led by a 53.8% surge in the U.S. and a 58.2% jump in eCommerce following the Aritzia app launch. Management guided to improving margins and sustained momentum into Q4 and FY26. We break down the drivers, valuation, and technical setup for ATZ stock today.