Aritzia Reports Strong Q2 Earnings and Revenue Growth
Aritzia reported second-quarter Non-GAAP EPS of $1.31, surpassing estimates by $0.57 per share. The company's revenue reached $1.17 billion, a year-over-year increase of 44.1%, beating expectations by over $384 million. Digital net revenue surged 67.7% to $402.9 million and accounted for 34.4% of total sales. The company's adjusted gross profit margin rose significantly, increasing 490 basis points to 48.7%, while reported gross profit margin climbed by 1,330 bps to 57.1%. Selling, general, and administrative expenses as a percentage of net revenue dropped 130 bps to 29.5%. Adjusted EBITDA increased 99.7% year-over-year to $246.2 million. These results reflect strong operational performance driven by digital growth and improved margins.
Topics: Adjusted EBITDA Earnings Gross Profit Margin Revenue Growth