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  5. ATZ: Could you please comment on the downturn for both these companies. [Aritzia Inc. Subordinate Voting Shares]
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Q: Could you please comment on the downturn for both these companies. Do you recommend holding or selling?

Thank you
Asked by Jocelyne on March 10, 2026
5i Research Answer:

Yesterday Bloomberg's "observed sales' (not from the company) reported ATZ sales may have risen 36% to the year end March 1. This compares to analyst estimates of 31% growth. There has been no other recent news and we would be fine holding.  The drawdown seems war-related and not company-specific.  RS received a contract yesterday and as with ATZ there has been no material negative news. We would also be fine holding.