By Canadian Press

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

Oct 12, 2022 | 2:27 PM

VANCOUVER — Aritzia Inc. says its net income increased by 16 per cent in the second quarter of fiscal year 2023, as both retail and e-commerce sales rose year-over-year. 

The Vancouver-based clothing retailer says it earned $46.3 million or 40 cents per diluted share in the second quarter, up from $39.8 million or 35 cents per share a year earlier. 

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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Aritzia says its strong performance has continued through the start of the third quarter. 

This report by The Canadian Press was first published Oct. 12, 2022.

Companies in this story: (TSX:ATZ)

The Canadian Press