ATZ Q2 HighlitesBeatdown tomorrow glta
- eCommerce net revenue decreased 1.0% from Q2 2023 to $172.2 million , comprising 32.2% of net revenue in Q2 2024
- Gross profit margin 1 decreased 690 bps to 35.0% from 41.9% in Q2 2023
- Net income (loss) decreased 112.9% from Q2 2023 to $(6.0) million
- Adjusted EBITDA 1 decreased 74.4% from Q2 2023 to $21.2 million
- Net income (loss) per diluted share of $(0.05) per share, compared to $0.40 per share in Q2 2023
- Adjusted Net Income per Diluted Share 1 of $0.03 per share, compared to $0.44 per share in Q2 2023
Outlook
Based on quarter-to-date trends, Aritzia 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. The Company also expects gross profit margin to decrease by approximately 200 bps and SG&A as a percent of net revenue to increase by approximately 300 bps in the third quarter of Fiscal 2024 compared to the third quarter of Fiscal 2023.