Aritzia (ATZ.TO) Stock Starts To Climb After Q1 Results Release

Aritzia (ATZ.TO) stock, after decreasing from C$36.34 on June 22 to C$36.00 on June 24, went up slightly to C$37.47 on July 2. Then the stock fell to C$36.51 on July 5, but the next day rose to C$37.22. Despites this, the price declined to C$35.88 on July 8. Finally, after climbing from C$35.88 to C$37.38 on July 13, the stock dropped to C$33.07 on July 19.

On July 14, Aritzia (ATZ.TO) vertically integrated house for innovation styling, suggestions a daily luxury online and in their boutiques, reported first financial results for first quarter 2022 fiscal, which ended May 30, 2021. The key results of the first quarter showed that, despite the closing of 34 of 102 boutiques about two-thirds of the quarter, open boutiques in Canada operate with capacity limitations. Despite these all, net margins grew from 121,7% to $246.9 million from quarter first, 2021 and 25.5% from quarter first, 2020.

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Despite capacity limitations and limited operating time, the average retail sales of open boutiques in the first quarter of 2020 left 99% from levels up to COVID-19.Gross margins climbed to 44.2% from 11.7% in the first quarter of 2021 and 43.5% in the first quarter. Adjusted EBITDA rose to $40.9 million out of 25.2 million $ in 1 quarter of 2021. Adjusted net gain of $0.19 per diluted share compared to $0.23 for divorces in the first quarter of 2021.

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.

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