Vancouver fashion retailer Aritzia Inc. (TSX:ATZ) reported total revenue of $186.5 million in its third fiscal quarter ended November 27, 2016, which is an increase of 20% compared with $155.4 million in the same quarter last year.
Comparable sales increased 15.2%, and gross profit increased almost 30% to $82.3 million.
Year-to-date, revenue was up 25.5% to $470.8 million.
“We are pleased to have delivered strong financial results for the third quarter, demonstrating the effectiveness of our business model and strategic initiatives,” said Brian Hill, the company’s founder and CEO.
“In addition to delivering another quarter of double-digit comparable sales growth, we continued to make progress on our growth plans, including the expansion of our North American store footprint and increased penetration of our ecommerce business.”
The results come just months after the company went public in October in an IPO worth $400 million, which was by far the biggest Toronto Stock Exchange offering in 2016.
@EmmaHampelBIV
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