The Vancouver-based fashion chain is among the industry's fastest-growing brands widely resonating with shoppers.
Aritzia, fueled by its growing popularity in the U.S., styles that resonate across generations, and aggressive store expansion, posted whopping sales and profit gains during the second quarter — and sees the momentum continuing in the current quarter.
On Thursday, the 146-door retailer said its net revenue for the quarter ended Aug. 30 increased 44.1 percent to $1.17 billion. Comparable sales rose 34.5 percent.
Net income increased 204.2 percent to $201.7 million. Profits per diluted share increased to $1.70 from 56 cents a year earlier. Helping the bottom line was $97.4 million in tariff refunds.
Adjusted earnings before interest, taxes, depreciation and amortization increased 97.7 percent to $246.2 million.
“We sustained exceptional momentum in the second quarter, delivering 44 percent net revenue growth and a 35 percent increase in comparable sales, as broad-based strength across geographies, channels and product categories continued to demonstrate the wide appeal of our brand,” said Jennifer Wong, chief executive officer, in a statement. “This outstanding performance was driven by high demand for our summer and fall collections, supported by optimal inventory positioning, while strategic investments in real estate, digital and marketing continued to expand our reach and deepen client engagement. Our digital channel was particularly robust, accelerating to 68 percent net revenue growth, while the United States remained our top market with 60 percent net revenue growth.”
S. 1 million a year earlier and accounting for two-thirds of top line.
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