Aritzia earnings rise in second-quarter on strong retail and e-commerce sales
BNN Bloomberg
Aritzia saw net income go up 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 said 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.
Retail experts have said Aritzia has successfully developed a faithful customer base in recent years, and that momentum is expected to continue.
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