Record-Breaking Net Revenue
Aritzia achieved a net revenue of $663 million, marking a 33% increase over the previous year, exceeding the top end of their guidance range.
Significant Growth in the U.S. Market
Net revenue in the United States increased by 45% to $413 million, driven by new and repositioned boutiques and strong e-commerce demand.
Retail Channel Expansion and Success
The company's retail channel saw a 34% increase in net revenue, with 13 new and 3 repositioned boutiques contributing to growth.
E-commerce Growth
Net revenue from e-commerce rose by 30%, supported by a nearly 50% increase in U.S. e-commerce traffic and enhancements to their digital presence.
Gross Profit Margin Expansion
Gross profit margin expanded by 320 basis points to 47.2%, driven by leverage on store occupancy costs and lower warehousing costs.
Inventory Optimization
Inventory levels were optimized, contributing to a strong financial position and supporting demand fulfillment.
Digital Marketing Success
Increased investments in digital marketing have resulted in significant traffic growth and increased brand awareness.
International Expansion Plans
The company plans to launch international e-commerce and a mobile app later in the fiscal year, aiming to enhance client engagement.