-- Aritzia's (ATZ.TO)fiscal fourth-quarter adjusted earnings and net revenue both jumped, beating estimates, the company said after trade on Thursday.
Adjusted net income, stripped of most one-off items, jumped 41% in the quarter ended Mach 1 to $138.2 million, or $1.15 per share, from $98 million, or $0.83, in the prior year period. The consensus estimate among analysts polled by FactSet expected $1.03 per share.
Net revenue climbed 33% to $1.19 billion over the same period, beating the $1.14 billion forecast, and above its own guidance of between $1.1 billion to $1.13 billion. Net revenue grew 38% in the U.S. and 24% in Canada. Comparable sales increased 27.7%, as all channels and all geographies generated positive double-digit growth, a statement said.
For its fiscal first quarter, Aritzia expects net revenue to range between $900 million to $925 million, for 36% to 39% growth. SG&A as a percentage of net revenue is expected to decrease 50 bps to 100 bps from 33.5%. The company also noted that it achieved its Fiscal 2027 net revenue target of $3.5 billion to $3.8 billion one year early. It will update its next long-term strategic plan in the fall, chief executive Jennifer Wong said.
Aritzia also renewed its normal-course issuer bid (NCIB) on May 5, to buy back up to 4.2 million of its subordinate voting shares. The NCIB will run from May 13 for one year.
Aritzia shares closed down $6.09 to $142.00 on the Toronto Stock Exchange.