Q: Hi, if not already asked....looks like Aritzia posted impressive numbers! Thoughts?
Does it still remain as one of your top picks in Consumer Discretionary?
cheers,
Steve
Does it still remain as one of your top picks in Consumer Discretionary?
cheers,
Steve
5i Research Answer:
ATZ EPS was 42c vs 22c last year and ahead of estimates of 39c. Revenue of $666.3M rose 33% and beat estimates of $639M. E-commerce revenue rose 30%. Retail revenue rose 34%. EBITDA of $95.3M rose 77%. Comparable sales rose 19.3% vs 2%. Store count was 131, up 10%. Q2 forecast was largely the same as before, but ATZ raised its yearly sales forecast slightly to $3.10B + from $3.05B+. Company comments were quite positive overall and we continue to see the stock as one of the best in the sector.