×
83 790
Fashion Jobs
ADIDAS
Manager Integrated Business Planning
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Rice Lake
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Kearney
JCPENNEY
Senior Manager, Creative Operations (Samples And Creative Technology) â€" Marketing
Permanent · Plano
JCPENNEY
p&a Business Analyst - Women's Active
Permanent · Plano
LEVI'S
Senior Business Analyst, Global Distribution
Permanent · Henderson
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Director, Retail Brand Marketing Men’s Performance & Lifestyle
Permanent · Beaverton
NIKE
na Retail Brand Marketing Manager Men’s Performance (Running)
Permanent · Beaverton
FOOT LOCKER
sr. Manager of Operations - Distribution Center
Permanent · Camp Hill
TAPESTRY
Manager, Materials
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Settlers Green Outlets - North Conway, nh
Permanent · Conway
ESTÉE LAUDER
Lead Security Engineer - Enterprise Cybersecurity And Risk
Permanent · New York
GAP INC
Senior Product Manager – Retail Labor Optimization
Permanent · San Francisco
GAP INC
Associate Production Manager- Licensing- Old Navy
Permanent · San Francisco
GAP INC
Senior Asset Protection Manager
Permanent · McLean
NEW BALANCE
sr. Manager, Value Chain Business Operations (Project Management)
Permanent · Lawrence
CENTRIC BRANDS
Account Manager - Amazon
Permanent · New York
CENTRIC BRANDS
Human Resources Business Partner (Hrbp)
Permanent · New York
ULTA BEAUTY, INC.
Regional lp Manager
Permanent · Los Angeles
BANANA REPUBLIC
Asset Protection Service Representative - Bay Ridge
Permanent · New York
BANANA REPUBLIC
General Manager - Burlingame
Permanent · Burlingame
Published
Oct 7, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aritzia net income triples on Q2 revenue jump

Published
Oct 7, 2018

Aritzia continued to see its revenue and comparable sales climb in its second quarter, with net income tripling to $15.1 million, the retailer announced on Thursday. 

Aritzia's newest store in Chicago - Facebook: Aritzia

 
The Vancouver-based fashion company reported net revenue of $205.4 million, for the quarter ended August 26, 2018, up 18 percent compared to the same period last year. 
 
The increase was primarily driven by a solid comparable sales growth including continued momentum from its e-commerce business and a strong store performance. 

“We are particularly pleased with the exceptional performance in our U.S. business where revenue increased 40% year over year illustrating the growing appeal for our uniquely positioned brand,” noted Brian Hill, founder and CEO, in a news statement. 
 
Comparable sales grew 11.5 percent compared to last year, where it was up 5.4 percent, marking the company’s sixteenth consecutive quarter of comparable sales growth.
 
During the quarter, the company opened three new stores in San Diego, in Washington, D.C. and in the Greater Toronto area, as well as one pop-up store at Santana Row in San Jose.

Most recently, it opened a pop-up at Old Orchard in Chicago, during the third quarter. 
 
Adjusted net income jumped to $18.3 million, or $0.16 per diluted share, up from $10.4 million or $0.09 per share a year earlier.
 
Looking ahead, the Canadian company reaffirmed its 2019 guidance with full-revenue growth expected to be in the mid-teens.
 
"As we move through the second half of the year, we remain focused on advancing our key growth initiatives including strategic investments in our e-commerce business, expansion of our premier store network, and strengthening our infrastructure, while continuing to deliver beautiful high quality product that resonates with our consumers," added Hill.  
 
Aritzia, which went public in October 2016, posted gross profit of $295.5 million, or 39.8 percent of net revenue, in fiscal 2018.
 
The company was founded in 1984 and currently has 90 stores across Canada and the U.S. as well as its e-commerce business.

Copyright © 2022 FashionNetwork.com All rights reserved.