Aritzia earnings up on higher retail, e-commerce revenue

📆 10/10/2024 22:56:00
📰 BurnabyNOW_News

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VANCOUVER — Clothing retailer Aritzia Inc. says it earned $18.2 million in the second quarter of its 2025 fiscal year, an improvement over the nearly $6-million loss it incurred in the same quarter a year earlier.

The profit works out to 16 cents per diluted share, compared to a loss of five cents per diluted share in the second quarter of its 2024 fiscal year.It said its comparable sales growth was 6.5 per cent.

Aritzia said its retail net revenue increased by 17.6 per cent to $425.6 million, primarily due to strong performance from the company's new and repositioned boutiques. E-commerce net revenue increased by 10.4 per cent to $190 million, largely due to what the company said was traffic growth in the U.S., a strong response to its fall product line, and its investment in digital marketing.The Canadian Press

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