Q: How were ATZ earnings?
What should we expect to see with aritzia earnings this evening? Thank you
What should we expect to see with aritzia earnings this evening? Thank you
5i Research Answer:
EPS of 22c beat estimates of 16.5c. Revenue of $498M beat estimates of $486.9M. EBITDA of $53.8M beat estimates by 19%. Sales rose 7.8% led by 13% growth in the US. 2Q revenue guidance was largely maintained. Inventory optimization continues. (inventory fell 18%). Margins increased nicely, to 44% from 38.9%. Comparable sales rose 2% vs 1.3% expected. Investors should be happy here, but the stock has already been very strong leading up to the quarter.