Runway for growth $ATZ.TO Aritzia generated very similar sales numbers in Canada compared to $LULU. On track for about 1.19B compared to Lululemon's 1.16B in 2022.
However, USA sales are on pace for about 1/5th of Lulu's ; 1.2B vs 5.65B. But Aritzia has 49 stores in the USA, Lululemon has 451. Aritzia generates about $24.5 million per store in the US.
Lululemon generates about $12.5 million or half of what Aritzia does per store.
And Aritzia still has 402 stores in the US to catch up to Lululemon.
Aritzia has a large runway for growth and the bottom should now be in the stock.