Aritzia Inc.’s ATZ-T +2.89%increase
latest quarter brought a 35 per cent jump in profit and a revenue increase that was almost just as high.
The Vancouver-based retailer says its fourth quarter net income reached $134.3-million, up from $99.6-million a year earlier.
That result for the period ended March 1 translated to $1.12 per diluted share, up from 84 cents per diluted share a year earlier.
On an adjusted basis, Aritzia’s net income amounted to $138.2-million, rising from $98-million during the fourth quarter of last year.
The company’s net revenue increased by about 33 per cent to $1.19-billion over the same period.
The result comes as Aritzia continues to open more boutiques and push an app it recently launched.
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