Bullboard - Stock Discussion Forum Aritzia Inc T.ATZ

Alternate Symbol(s): ATZAF

Aritzia Inc. is a Canada-based vertically integrated design house. The Company is a creator and purveyor of Everyday Luxury, which is home to a portfolio of brands for every function and individual aesthetic. The Company provides personal shopping experiences at aritzia.com and in its 110+ boutiques throughout Canada and the United States. The Company’s products include jackets and coats... see more

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TSX:ATZ - Post Discussion

Aritzia Inc > Beatdown coming📉⤵

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Post by Duster340 on Sep 29, 2023 9:06am

Beatdown coming📉⤵

Aritzia Inc. says it incurred an almost $6 million net loss in its latest quarter as its chief executive admitted the financial results do not meet its "high standards."

The Vancouver apparel company says the net loss in the second quarter compared with a net income of $46 million during the same period the year before.

Aritzia's net loss amounted to five cents per diluted share for the period ended Aug. 27 compared with a net income of 40 cents per diluted share a year earlier.

On an adjusted basis, its net income totalled $3.4 million compared with $50.6 million a year prior.

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Comment by davgro on Sep 29, 2023 9:39am

Great Call Dumpster....ATZ beat on EPS and revenue and you called a $21 opening. Market reacting as expected with stock up 12% early. I cashed out this morning with a 10% gain. Its still early in the day and the stock direction could change drastically but it appears the financials exceeded market and investor expectations.

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