Aritzia’s US and Digital Growth Drive a 44% Revenue Increase in Q2

In its October 8 earnings release, the retailer reported US revenue of C$779.4 million, up 60.3%. The country accounted for 66.6% of quarterly revenue, making it the largest contributor to the business. Digital expands its share Digital revenue increased 67.7% to C$402.9 million and represented 34.4% of total revenue.

Retail revenue rose 34.1% to C$766.9 million, showing that the quarter’s expansion extended across both channels. Chief Executive Officer Jennifer Wong said, “Our digital channel was particularly robust, accelerating to 68% net revenue growth,” using the rounded growth rate in her statement.

Wong attributed momentum to Summer and Fall collections, inventory positioning and investments in real estate, digital and marketing. Growth reaches adjusted profitability Adjusted EBITDA increased to C$246.2 million, with its margin reaching 21%, up 590 basis points.

Adjusted diluted earnings per share rose to C$1.31 from C$0.59. These adjusted figures should be read separately from the company’s reported accounting measures. The combination of comparable-sales growth and a larger digital contribution gives Aritzia more than one route to scale: existing demand, online activity…