Aritzia expects the real estate expansion to increase revenue for the full year

Aritzia Inc. launched its fiscal year sales outlook, indicating that a U.S. expansion and updated styles are helping the company win back customers it lost during the pandemic.

The Vancouver-based retailer expects fiscal year revenue of C$2.52 billion to C$2.62 billion ($1.84 billion to $1.92 billion), according to a statement Thursday. The high end matches the average analyst forecast of C$2.62 billion and represents growth of 8% to 12%. Real estate expansion and e-commerce momentum will fuel the improvement, said CEO Jennifer Wong.