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Bullboard - Stock Discussion Forum Aritzia Inc T.ATZ

Alternate Symbol(s):  ATZAF

Consumer Cyclical
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

TSX:ATZ - Post Discussion

Aritzia Inc > A Quick summary (more disappointment)
View:
Post by Duster340 on Jan 10, 2024 4:13pm

A Quick summary (more disappointment)

  • Gross profit margin2decreased 180 bps to 41.5% from 43.3% in Q3 2023
  • Selling, general and administrative expenses increased 14.4% from Q3 2023 to $187.4 million
  •  
  • Net income decreased 39.1% from Q3 2023 to $43.1 million
  •  
Comment by Realdude on Jan 10, 2024 4:26pm
Duster polluting this board as well..no escaping this guy. Aritzia is a one year story not a 3 month turn around. The guy who sold his men's division to aritzia is someone I'm familiar with. The deal was close to 400 million with the majority in stock. He is holding until it goes back to at least $50. He said record sales last quarter as reflected in the earnings...if it's good enough ...more  
Comment by xgbssxx on Jan 10, 2024 5:33pm
The Duster can't even delete the bullet points properly which hid the fact that revenues increased across the board. Considering he kept posting the expectation on contraction, he couldn't keep that convenient fact visible lol. Aritizia got some challenges, but they have the team and product to do well.
Comment by OmahaValue on Jan 10, 2024 7:13pm
Those are weak results unfortunately.  Flat same store sales and declinning profitability is a concern. Aritzia is discounting prices - this spikes revenue and clears inventory but hurts margins.   Hopefully things improve for Q4 (the outlook looks pretty mediocre).
Comment by OmahaValue on Jan 10, 2024 7:25pm
That said, adjusted EPS did come in slightly ahead of analyst estimates.
Comment by Deuteronomy818 on Jan 10, 2024 8:34pm
Which is a beat and considering we are in a recession I take this as a positive.  Still a growth story if they can pull it off in the USA. 
Comment by sorrenson on Jan 10, 2024 9:04pm
They have 52 stores in the US    Lululemon has 451  in the US  Ralph Lauran has 231 in the US etc etc  Gee they have no space for US expansion hahahahha
Comment by Mikerich on Jan 11, 2024 9:28am
Hey Duster - cover your shorts! 
Comment by flamingogold on Jan 11, 2024 9:42am
You've done pretty good shorting this. Congrats to you for that. Might be time to switch to long now.
Aritzia Inc