Retailer Aritzia’s Q4 net income fell by 35%, net revenue up 7%

VANCOUVER — Aritzia Inc. says its net income fell 35 per cent in its fourth quarter as its revenue grew.

The Vancouver-based retailer says its net income for the period ended March 3 totalled $24.2 million compared with $37.3 million a year ago. 

Its net income amounted to 21 cents per diluted share compared with 32 cents per diluted share a year earlier.

Aritzia partially attributed the drops to an increase in stock-based compensation expenses, but also noted the quarter was affected by inflation and pre-opening lease amortization costs for its flagship boutiques.