The Vancouver-based fashion retailer reported $951 million in net revenue, up about 43 per cent from the same quarter a year earlier, with sales up 35 per cent and gross profits surging over 50 per cent. Net income jumped year-over-year from 36 cents per diluted share to 99 cents for the quarter ended May 31. (The Logic)

Talking point: The company credited strong demand for its spring and summer product lines for helping drive the growth. Comparable sales—those at established stores and excluding sales from new retail openings—increased 35 per cent, while net revenue from its digital business gained 56 per cent. CEO Jennifer Wong said on a conference call Thursday that the retailer’s balance between offering trend-driven styles and Aritzia staples has been an effective strategy. The company raised its guidance slightly and now expects between $4.55 billion and $4.75 billion in net revenue for its full fiscal year, between 23 per cent and 28 per cent more than the previous year.