Skip to main content
Open this photo in gallery:

Aritzia flagship store located at 50 Bloor St W in Toronto.Carlos Osorio/The Globe and Mail

Aritzia Inc. continued its sales growth streak in its most recent quarter as the clothing retailer’s net income jumped nearly 32 per cent.

The Vancouver-based company says it achieved its nineteenth straight quarter of comparable sales growth, a key retail metric, with a 7.9 per cent jump for the 13 weeks ending June 2.

Its net income increased 31.5 per cent to $16.2-million for the first quarter of its 2020 financial year compared to $12.3-million in the same quarter the previous year.

Aritzia’s adjusted net income moved up 21.3 per cent to $18.5-million from $15.2-million or to 17 cents per share from 13 cents per share.

Net revenue increased 17.8 per cent to $196.7-million from $167-million, while gross profit rose 26.7 per cent to $85.6-million for the quarter.

CEO Brian Hill says in a statement that momentum in the company’s U.S. business is continuing.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 24/05/24 4:00pm EDT.

SymbolName% changeLast
ATZ-T
Aritzia Inc
+2.26%32.98

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe