Aritzia Q4 FY20: revenue grows 6.3%; net income $22 mn

Fashion

04 Jun `20

2 min read

Aritzia Inc, Canada-based women's online fashion boutique, reported its net revenue grew 6.3 per cent to $275.4 million (Canadian dollars) in fourth quarter (Q4) fiscal 2020 ended on March 1, 2020 compared to revenue of $259.1 million in same period prior year. Net income for the reported quarter jumped 16 per cent to $21.7 million (Q4 FY19: $18.7 million).

Aritzia Inc, Canada-based women`s online fashion boutique, reported its net revenue grew 6.3 per cent to $275.4 million (Canadian dollars) in fourth quarter (Q4) fiscal 2020 ended on March 1, 2020 compared to revenue of $259.1 million in same period prior year. Net income for the reported quarter jumped 16 per cent to $21.7 million (Q4 FY19: $18.7 million).#

“Our financial results for the fourth quarter demonstrated the strength of our business model and the affinity for our brand. Towards the end of February, we began to see the impact of Covid-19 on our business,” Brian Hill, founder, chief executive officer and chairman at Aritzia, said in a press release.

Aritzia Inc, Canada-based women`s online fashion boutique, reported its net revenue grew 6.3 per cent to $275.4 million (Canadian dollars) in fourth quarter (Q4) fiscal 2020 ended on March 1, 2020 compared to revenue of $259.1 million in same period prior year. Net income for the reported quarter jumped 16 per cent to $21.7 million (Q4 FY19: $18.7 million).#

Gross profit for the quarter grew 9.6 per cent to $102.8 million ($93.8 million). Selling, general and administrative expenses were $64.3 million (59.3 million).

Favourite Print this story Comments Submit Press Release