Skip to content
The Vancouver-based clothing retailer said its net revenue for the fourth quarter was $1.19 billion, up 32.6 per cent from the same time last year, led by strong growth in the U.S. (The Logic)
Talking point: As a result of the strong quarter, Aritzia’s net revenue for the year just surpassed $3.7 billion. It had set a goal of reaching $3.5 to $3.8 billion in net revenue in its 2027 financial year back in 2022. Having achieved that target a year early, the company will share a new strategic roadmap this fall, said CEO Jennifer Wong in a conference call with analysts. For now, it provided an updated outlook for the upcoming year, targeting $4.4 to $4.6 billion in net revenue. That is well above what analysts expected, wrote BMO analyst Stephen MacLeod in a note. Artizia plans to keep prioritizing a U.S. expansion, with most of its new store openings in the financial year planned south of the border.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Alberta wants to be a model for government AI and power Canada-wide adoption
Briefing
Constellation Software’s Harris acquires TouchBistro
Aritzia doubles its first quarter profits on strong sales
Carney confirms Saudi Arabia’s Public Investment Fund to attend his investment summit
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
