Aritzia beats expectations as third-quarter profits more than double on revenue boost

VANCOUVER — Aritzia Inc. handily beat expectations as its net profit more than doubled on a big boost in revenues in the third quarter of its fiscal year.

The Vancouver-based clothing retailer says it earned $64.9 million for the three months ended Nov. 28, compared with $30.5 million in the prior year.

Adjusted profits were $71.2 million or 61 cents per share, up from $32.2 million or 29 cents per share a year earlier.

Revenues rose 63 per cent to $453.3 million from $278.3 million as retail revenues increased 72 per cent while e-commerce sales rose 47 per cent from the third quarter of 2021.