Aritzia, a vertically integrated, innovative design house offering Everyday Luxury online and in its boutiques, today announced its second quarter financial results for fiscal 2022 ended August 29, 2021. "The outstanding performance of the Aritzia brand continued through the second quarter of fiscal 2022.
Our net revenue growth of 75% reflects accelerated momentum across all geographies and all channels. I am particularly excited by the unprecedented pace of growth in our business in the United States, as
existing and new clients enjoy our Everyday Luxury experience on Aritzia.com and in our boutiques. Our eCommerce revenue continues to surge with 49% growth on top of the 82% growth that we saw in the second quarter last year.
Sales in our boutiques were exceptional with comparable sales growth of 60% from fiscal 2021, whilst exceeding pre-pandemic levels with retail comps growing 14% from fiscal 2020," said Brian Hill, Founder, Chief Executive Officer and Chairman.
In an effort to expand its presence, Aritzia has set a goal of opening between eight and ten stores per year in the United States through 2027, according to its latest investor presentation.
The company's financial results for fiscal 2022 were impressive, with adjusted EBITDA reaching $119.6 million or 19.2% of net revenue, an increase of 9.5% compared to $109.3 million or 24.1% of net revenue in Q3 2022. Adjusted Net Income was $76.6 million, an increase of 7.6% compared to $71.2 million in Q3 2022…
