Announcement • Jul 10
Aritzia Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2027 and Full Year Fiscal 2027 Aritzia Inc. provided earnings guidance for the second quarter of fiscal 2027 and full year fiscal 2027. For the second quarter, the company expects net revenue in the range of CAD 1.100 billion to CAD 1.125 billion, representing growth of approximately 35% to 39%.
For Fiscal 2027, the company expects Net revenue in the range of CAD 4.55 billion to CAD 4.75 billion, representing growth of approximately 23% to 28% from Fiscal 2026. This includes the contribution from retail expansion with 12 to 13 new boutiques and four to five boutique repositions. Eleven to twelve new boutiques and two to three repositions are expected to be in the United States with the remainder in Canada. Announcement • Jun 25
Aritzia Inc. to Report Q1, 2027 Results on Jul 09, 2026 Aritzia Inc. announced that they will report Q1, 2027 results After-Market on Jul 09, 2026 Announcement • Apr 23
Aritzia Inc. to Report Q4, 2026 Results on May 07, 2026 Aritzia Inc. announced that they will report Q4, 2026 results After-Market on May 07, 2026 Announcement • Apr 21
Aritzia Inc., Annual General Meeting, Jul 06, 2026 Aritzia Inc., Annual General Meeting, Jul 06, 2026. Announcement • Jan 29
Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 200.1174 million. Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 200.1174 million.
Security Name: Subordinated Voting Shares
Security Type: Common Stock
Securities Offered: 1,537,000
Price\Range: CAD 130.2
Discount Per Security: CAD 5.208 Announcement • Jan 14
Aritzia Inc. has filed a Follow-on Equity Offering in the amount of CAD 200.1174 million. Aritzia Inc. has filed a Follow-on Equity Offering in the amount of CAD 200.1174 million.
Security Name: Subordinated Voting Shares
Security Type: Common Stock
Securities Offered: 1,537,000
Price\Range: CAD 130.2 Announcement • Jan 09
Aritzia Inc. Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2026 Aritzia Inc. provided earnings guidance for the fourth quarter and full fiscal year 2026. For the quarter, the company expects net revenue in the range of $1.100 billion to $1.125 billion, representing growth of approximately 23% to 26%.
For the year, the company expects net revenue in the range of $3.615 billion to $3.640 billion, representing growth of approximately 33% from Fiscal 2025. This includes the contribution from retail expansion with 13 new boutiques and four boutique repositions. Twelve new boutiques and two repositions are expected to be in the United States with the remainder in Canada. Announcement • Dec 24
Aritzia Inc. to Report Q3, 2026 Results on Jan 08, 2026 Aritzia Inc. announced that they will report Q3, 2026 results After-Market on Jan 08, 2026 Announcement • Sep 25
Aritzia Inc. to Report Q2, 2026 Results on Oct 09, 2025 Aritzia Inc. announced that they will report Q2, 2026 results After-Market on Oct 09, 2025 Announcement • Jul 11
Aritzia Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2026 Aritzia Inc. provided earnings guidance for the second quarter and fiscal year 2026. For the quarter, the company net revenue in the range of $730 million to $750 million, representing growth of approximately 19% to 22%.
For the fiscal year 2026, the company expects Net revenue in the range of $3.10 billion to $3.25 billion, representing growth of approximately 13% to 19% from Fiscal 2025. Announcement • Jul 09
Aritzia Inc. Approves Board Changes The Annual General Meeting of Shareholders of Aritzia Inc. held on July 8, 2025. As previously disclosed, Doug Mack was appointed to the Board effective May 26, 2025 to fill the vacancy caused by John Montalbano's resignation as a director on February 17, 2025 in order to pursue new endeavors and Nick Drake was a new director nominee at the Meeting. Aldo Bensadoun and Daniel Habashi did not seek re-election at the Meeting. Announcement • Jun 26
Aritzia Inc. to Report Q1, 2026 Results on Jul 10, 2025 Aritzia Inc. announced that they will report Q1, 2026 results After-Market on Jul 10, 2025 Announcement • May 02
Aritzia Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2026 Aritzia Inc. provided earnings guidance for the first quarter and full fiscal year 2026. For the quarter, the company expects net revenue in the range of $620 million to $640 million, representing growth of approximately 24% to 28%.
For the full year, the company expects Net revenue in the range of $3.05 billion to $3.25 billion, representing growth of approximately 11% to 19% from Fiscal 2025. Announcement • Apr 21
Aritzia Inc., Annual General Meeting, Jul 08, 2025 Aritzia Inc., Annual General Meeting, Jul 08, 2025. Announcement • Apr 17
Aritzia Inc. to Report Q4, 2025 Results on May 01, 2025 Aritzia Inc. announced that they will report Q4, 2025 results After-Market on May 01, 2025 Announcement • Feb 26
Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 66.3575 million. Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 66.3575 million.
Security Name: Subordinated Voting Shares
Security Type: Common Stock
Securities Offered: 950,000
Price\Range: CAD 69.85
Discount Per Security: CAD 2.794 Announcement • Feb 12
Aritzia Inc. has filed a Follow-on Equity Offering in the amount of CAD 66.3575 million. Aritzia Inc. has filed a Follow-on Equity Offering in the amount of CAD 66.3575 million.
Security Name: Subordinated Voting Shares
Security Type: Common Stock
Securities Offered: 950,000
Price\Range: CAD 69.85 Announcement • Dec 26
Aritzia Inc. to Report Q3, 2025 Results on Jan 09, 2025 Aritzia Inc. announced that they will report Q3, 2025 results After-Market on Jan 09, 2025 Announcement • Oct 11
Aritzia Provides Earnings Guidance for Third Quarter and Full Fiscal Year Ending March 2, 2025 Aritzia provided earnings guidance for the third quarter and full fiscal year ending March 2, 2025. For the third quarter, the company expects net revenue in the range of $675 million to $700 million. This represents growth of approximately 3% to 7% or growth of approximately 7% to 11% excluding the following 2 factors which contributed $25 million in the third quarter last year.
For the full fiscal year ending March 2, 2025, the company expects, Net revenue in the range of $2.54 billion to $2.60 billion, representing growth of approximately 9% to 11% from Fiscal 2024. Reported Earnings • Oct 11
Second quarter 2025 earnings released: EPS: CA$0.16 (vs CA$0.054 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.16 (up from CA$0.054 loss in 2Q 2024). Revenue: CA$615.7m (up 15% from 2Q 2024). Net income: CA$18.2m (up CA$24.2m from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Significant insider selling over the past 3 months (€1.3m sold). Announcement • Sep 27
Aritzia Inc. to Report Q2, 2025 Results on Oct 10, 2024 Aritzia Inc. announced that they will report Q2, 2025 results After-Market on Oct 10, 2024 Recent Insider Transactions • Jul 21
Chief Financial Officer recently sold €953k worth of stock On the 16th of July, Todd Ingledew sold around 30k shares on-market at roughly €31.53 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Todd has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €32.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total returns to shareholders of 34% over the past three years. New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Significant insider selling over the past 3 months (€7.1m sold). Reported Earnings • Jul 12
First quarter 2025 earnings released: EPS: CA$0.14 (vs CA$0.16 in 1Q 2024) First quarter 2025 results: EPS: CA$0.14 (down from CA$0.16 in 1Q 2024). Revenue: CA$498.6m (up 7.8% from 1Q 2024). Net income: CA$15.8m (down 9.4% from 1Q 2024). Profit margin: 3.2% (down from 3.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 12
Aritzia Provides Earnings Guidance for Second Quarter and Fiscal Year 2025 Aritzia provided Earnings Guidance for Second Quarter and Fiscal Year 2025. For the second quarter of year 2025, the company expects net revenue in the range of $570 million to $590 million in the second quarter of Fiscal 2025, representing growth of approximately 7% to 10%. For the fiscal year, the company expects Net revenue in the range of $2.52 billion to $2.62 billion, representing growth of approximately 8% to 12% from Fiscal 2024 (excluding the 53rd week in Fiscal 2024, this represents growth of approximately 10% to 14%). Announcement • Jun 28
Aritzia Inc. to Report Q1, 2025 Results on Jul 11, 2024 Aritzia Inc. announced that they will report Q1, 2025 results After-Market on Jul 11, 2024 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €24.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 4x in the Specialty Retail industry in Germany. Total returns to shareholders of 11% over the past three years. Reported Earnings • May 03
Full year 2024 earnings released Full year 2024 results: Revenue: CA$2.33b (up 6.2% from FY 2023). Net income: CA$78.8m (down 58% from FY 2023). Profit margin: 3.4% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Aritzia Inc. Provides Financial Guidance for the First Quarter of Fiscal 2025 and Full Year of Fiscal 2025 Aritzia Inc. provided financial guidance for the first quarter of fiscal 2025 and full year of fiscal 2025. For the period, the company expects net revenue in the range of CAD 475 million to CAD 495 million, representing growth of approximately 3% to 7%.For the full year of fiscal 2025, the company expects net revenue in the range of CAD 2.52 billion to CAD 2.62 billion, representing growth of approximately 8% to 12% from fiscal 2024 (excluding the 53rd week in fiscal 2024, this represents growth of approximately 10% to 14%). Announcement • Apr 21
Aritzia Inc., Annual General Meeting, Jul 09, 2024 Aritzia Inc., Annual General Meeting, Jul 09, 2024. Announcement • Apr 20
Aritzia Inc. to Report Q4, 2024 Results on May 02, 2024 Aritzia Inc. announced that they will report Q4, 2024 results After-Market on May 02, 2024 Recent Insider Transactions • Feb 16
Chief Financial Officer recently sold €276k worth of stock On the 9th of February, Todd Ingledew sold around 10k shares on-market at roughly €27.55 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Todd's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €23.60, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.48 per share. Reported Earnings • Jan 11
Third quarter 2024 earnings released: EPS: CA$0.39 (vs CA$0.64 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.39 (down from CA$0.64 in 3Q 2023). Revenue: CA$653.5m (up 4.6% from 3Q 2023). Net income: CA$43.1m (down 39% from 3Q 2023). Profit margin: 6.6% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Aritzia Inc. to Report Q3, 2024 Results on Jan 10, 2024 Aritzia Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Jan 10, 2024 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €16.30, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 12% over the past three years. Reported Earnings • Sep 29
Second quarter 2024 earnings released: CA$0.054 loss per share (vs CA$0.42 profit in 2Q 2023) Second quarter 2024 results: CA$0.054 loss per share (down from CA$0.42 profit in 2Q 2023). Revenue: CA$534.2m (up 1.6% from 2Q 2023). Net loss: CA$5.99m (down 113% from profit in 2Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 29
Aritzia Inc. Provides Revenue Guidance for the Third Quarter and Full Year of Fiscal Year 2024 Aritzia Inc. provided revenue guidance for the third quarter and full year of fiscal year 2024. The company expects net revenue in the third quarter of fiscal 2024 to be flat to slightly down compared to the third quarter of fiscal 2023 on top of strong growth of 50% in the third quarter last year and 75% in the third quarter of fiscal 2022. For the full year, the company’s net revenue in the range of $2.25 billion to $2.35 billion, representing an increase of approximately 2% to 7% from fiscal 2023 including the 53rd week. Announcement • Sep 15
Aritzia Inc. to Report Q2, 2024 Results on Sep 28, 2023 Aritzia Inc. announced that they will report Q2, 2024 results After-Market on Sep 28, 2023 Recent Insider Transactions • Aug 21
Independent Director recently bought €2.0m worth of stock On the 18th of August, Aldo Bensadoun bought around 124k shares on-market at roughly €16.47 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €2.1m. Insiders have collectively bought €4.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 03
Founder & Executive Chairman recently bought €2.1m worth of stock On the 31st of July, Brian Hill bought around 121k shares on-market at roughly €17.12 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Buying Opportunity • Jul 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €22.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 56%. Revenue is forecast to grow by 5.5% in a year. Earnings is forecast to decline by 27% in the next year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €17.70, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Specialty Retail industry in Germany. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.74 per share. New Risk • Jul 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Jul 13
First quarter 2024 earnings released: EPS: CA$0.16 (vs CA$0.30 in 1Q 2023) First quarter 2024 results: EPS: CA$0.16 (down from CA$0.30 in 1Q 2023). Revenue: CA$462.7m (up 13% from 1Q 2023). Net income: CA$17.5m (down 48% from 1Q 2023). Profit margin: 3.8% (down from 8.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Aritzia Inc. to Report Q1, 2024 Results on Jul 11, 2023 Aritzia Inc. announced that they will report Q1, 2024 results After-Market on Jul 11, 2023 Reported Earnings • May 03
Full year 2023 earnings released: EPS: CA$1.70 (vs CA$1.42 in FY 2022) Full year 2023 results: EPS: CA$1.70 (up from CA$1.42 in FY 2022). Revenue: CA$2.20b (up 47% from FY 2022). Net income: CA$187.6m (up 20% from FY 2022). Profit margin: 8.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €36.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 67% in the next 2 years. Buying Opportunity • Apr 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €36.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 67% in the next 2 years. Reported Earnings • Jan 12
Third quarter 2023 earnings released: EPS: CA$0.64 (vs CA$0.59 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.64 (up from CA$0.59 in 3Q 2022). Revenue: CA$624.6m (up 38% from 3Q 2022). Net income: CA$70.7m (up 8.9% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
Aritzia Inc. to Report Q3, 2023 Results on Jan 11, 2023 Aritzia Inc. announced that they will report Q3, 2023 results After-Market on Jan 11, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Daniel Habashi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 13
Second quarter 2023 earnings released: EPS: CA$0.42 (vs CA$0.36 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.42 (up from CA$0.36 in 2Q 2022). Revenue: CA$525.5m (up 50% from 2Q 2022). Net income: CA$46.3m (up 16% from 2Q 2022). Profit margin: 8.8% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year. Announcement • Oct 13
Aritzia Inc. Provides Earnings Guidance for the Fiscal Year 2023 Aritzia Inc. provided earnings guidance for the fiscal year 2023. For the year, the company expects Net revenue in the range of $2.0 billion to $2.05 billion, representing an increase of approximately 34% to 37% from fiscal 2022, up from the Company's previous outlook of $1.875 billion to $1.9 billion. This is led by continued out performance in the United States across both channels, ongoing growth in Canada driven by eCommerce as well as the recovery in its boutiques, and contribution from retail expansion including: Eight new boutiques with all but one in the United States, including five boutiques in the United States and one in Canada already opened; and Five boutique expansions or repositions, including four locations in Canada and one in the United States. Announcement • Sep 29
Aritzia Inc. to Report Q2, 2023 Results on Oct 12, 2022 Aritzia Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 12, 2022 Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to €37.60, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €51.70 per share. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Daniel Habashi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 17% share price gain to €30.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 154% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €51.08 per share. Reported Earnings • Jul 09
First quarter 2023 earnings released: EPS: CA$0.29 (vs CA$0.16 in 1Q 2022) First quarter 2023 results: EPS: CA$0.29 (up from CA$0.16 in 1Q 2022). Revenue: CA$407.9m (up 65% from 1Q 2022). Net income: CA$33.3m (up 86% from 1Q 2022). Profit margin: 8.2% (up from 7.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year. Announcement • Jul 09
Aritzia Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2023 Aritzia Inc. provided earnings guidance for the second quarter of fiscal year 2023. For the quarter, the company is on-track to deliver net revenue in the range of $440 million to $460 million, representing an increase of approximately 26% to 31% from last year. Announcement • Jul 08
Aritzia Inc. Revises Earnings Guidance for 2023 Aritzia Inc. revised earnings guidance for 2023. The company now expects Net revenue in the range of $1.875 billion to $1.9 billion, representing an increase of approximately 25% to 27% from fiscal 2022, up from the Company's previous outlook of $1.8 billion. Announcement • Jun 24
Aritzia Inc. to Report Q1, 2023 Results on Jul 07, 2022 Aritzia Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 07, 2022 Recent Insider Transactions • May 14
Independent Director recently bought €3.6m worth of stock On the 11th of May, Aldo Bensadoun bought around 132k shares on-market at roughly €27.58 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €12m more in shares than they bought in the last 12 months. Reported Earnings • May 07
Full year 2022 earnings released: EPS: CA$1.42 (vs CA$0.18 in FY 2021) Full year 2022 results: EPS: CA$1.42 (up from CA$0.18 in FY 2021). Revenue: CA$1.49b (up 74% from FY 2021). Net income: CA$156.9m (up CA$137.7m from FY 2021). Profit margin: 11% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 23
Aritzia Inc., Annual General Meeting, Jul 06, 2022 Aritzia Inc., Annual General Meeting, Jul 06, 2022. Announcement • Apr 22
Aritzia Inc. to Report Q4, 2022 Results on May 05, 2022 Aritzia Inc. announced that they will report Q4, 2022 results After-Market on May 05, 2022 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to €40.80, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.30 per share. Reported Earnings • Jan 13
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: CA$453.3m (up 63% from 3Q 2021). Net income: CA$64.9m (up 113% from 3Q 2021). Profit margin: 14% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 23%. Over the next year, revenue is forecast to grow 10%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director John Montalbano was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 27% share price gain to €34.80, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.63 per share. Reported Earnings • Oct 14
Second quarter 2022 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: CA$350.1m (up 75% from 2Q 2021). Net income: CA$39.8m (up CA$40.7m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Jul 15
First quarter 2022 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: CA$246.9m (up 122% from 1Q 2021). Net income: CA$17.9m (up CA$44.4m from 1Q 2021). Profit margin: 7.3% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Jun 16
Aritzia Inc. (TSX:ATZ) entered into a definitive agreement to acquire 75% stake in Reigning Champs LLC on June 14, 2021. Aritzia Inc. (TSX:ATZ) entered into a definitive agreement to acquire 75% stake in Reigning Champs LLC on June 14, 2021. Aritzia will acquire 75% of Reigning Champ based on a total enterprise value of approximately CAD 63 million. Aritzia will fund the initial purchase with cash on hand. Atkinson is joined on Reigning Champ’s senior leadership team by Co-Founder and Vice President of Manufacturing Chris Nordee and Chief Financial Officer Paul Heathcote all with a long history in the apparel industry. Reigning Champs will continue operating the business in partnership with Aritzia. The acquisition is subject to customary closing conditions and approvals. The acquisition is
expected to be completed in June 2021. Financo | Raymond James served as financial advisors to Aritzia, with Borden Ladner Gervais LLP acting as legal counsel. RBC Mid-Market Mergers & Acquisitions served as financial advisors to Reigning Champ, with Blake, Cassels & Graydon LLP acting as legal counsel. Recent Insider Transactions • Jun 03
Founder recently sold €16m worth of stock On the 1st of June, Brian Hill sold around 771k shares on-market at roughly €20.37 per share. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Announcement • Jun 02
Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 91.221 million. Aritzia Inc. has completed a Follow-on Equity Offering in the amount of CAD 91.221 million.
Security Name: Subordinated Voting Shares
Security Type: Common Stock
Securities Offered: 3,040,700
Price\Range: CAD 30
Discount Per Security: CAD 1.2 Reported Earnings • May 12
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$857.3m (down 13% from FY 2020). Net income: CA$19.2m (down 79% from FY 2020). Profit margin: 2.2% (down from 9.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • May 12
Aritzia Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022 Aritzia Inc. provided earnings guidance for the first quarter and full year of 2022. For the quarter, the company is on-track to deliver net revenue growth of approximately 110% in the first quarter compared to last year, implying a target of approximately $234 million.
For the full year, the company expects Net revenue to increase 30% to 35% from fiscal 2021, led by continued growth in the Company's eCommerce business. Is New 90 Day High Low • Feb 25
New 90-day high: €19.90 The company is up 34% from its price of €14.80 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.85 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €18.90 The company is up 47% from its price of €12.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.91 per share. Analyst Estimate Surprise Post Earnings • Jan 18
Revenue beats expectations Revenue exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 24%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Is New 90 Day High Low • Jan 18
New 90-day high: €17.60 The company is up 28% from its price of €13.70 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.94 per share. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue beats expectations Revenue exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 24%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 14
Revenue beats expectations Revenue exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 22%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Announcement • Dec 30
Aritzia Inc. to Report Q3, 2021 Results on Jan 13, 2021 Aritzia Inc. announced that they will report Q3, 2021 results After-Market on Jan 13, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: €16.50 The company is up 49% from its price of €11.10 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.76 per share. Is New 90 Day High Low • Dec 07
New 90-day high: €15.90 The company is up 39% from its price of €11.40 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.91 per share.