Aritzia (TSE:ATZ) has released an update.
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Aritzia Inc. has reported a 7% increase in fourth-quarter net revenue, reaching $682 million, sustaining its growth trend after a 44% rise in the previous year. Despite a slight decline in eCommerce revenue and comparable sales, the company witnessed a 14.7% surge in retail net revenue and anticipates further growth and margin expansion in the coming fiscal year, driven by real estate expansion and eCommerce momentum. CEO Jennifer Wong expresses optimism for Aritzia’s future, highlighting a strong brand and solid financial position.
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