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Aritzia earnings rise in second quarter on strong retail and e-commerce sales

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Vancouver-based clothing retailer says it earned $46.3 million or 40 cents per diluted share in the second quarter

Excluding one-time items, adjusted net income was $82.6 million or 44 cents per share, compared with $72.9 million or 39 cents per share in the prior year.

Revenues rose 50.1 per cent to $525.5 million from $350.1 million year-over-year, with same-store sales rising 28.3 per cent. Retail revenues rose almost 70 per cent to $351.6 million while e-commerce sales increased 33.1 per cent to $173.9 million.

 

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