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  5. ATZ: Hey gang! [Aritzia Inc. Subordinate Voting Shares]

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Q: Hey gang!

I have a question about Aritzia Inc.

How much share price decline can we expect in a Trump-tariff situation? What is the tariff risk?

Your report notes the seasonality of ATZ with most revs coming in during Aug-Feb (the third and fourth quarters).

If I were looking for share price "pop" or a surprise, when would the seasonally influenced numbers show up? Would it be in the upcoming earnings report (Q4)?

I ask because I see a lot of ATZ clothing being worn, and I expect the numbers to be extra good.

Having said that, 5i made a great call on ATZ months ago. Is there room for more growth?

Regards,
David
Asked by D on February 26, 2025
5i Research Answer:
The stock is down $7, or nearly 10%, from its high in January, so there may be some embedded...
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