Aritzia Shares Up as 2Q Tops Views, Upgraded Guidance Eases Slowdown Fears

By Adriano Marchese Aritzia shares surged Friday morning after the Canadian women's fashion retailer topped second-quarter expectations and raised its guidance, easing concerns of a slowdown in sales after lapping strong comparative figures. Shares rose 18% to 143.84 Canadian dollars ($101.11). Shares are up 22% year-to-date and up 81% over the last 52 weeks. Late Thursday, Aritzia raised its full-year revenue outlook after U.S. sales surged 60% in its fiscal second quarter to C$779.4 million. The company now expects revenue to reach between C$4.78 billion and C$4.88 billion in fiscal 2027, which would represent an increase of 29% to 32% from the prior year. It had previously guided for revenue of C$4.55 billion to C$4.75 billion. For the fiscal second-quarter ended Aug. 30, Aritzia posted net income of C$201.7 million, or C$1.70 a share, up from C$66.3 million, or C$0.56 a share, in the comparable quarter a year ago. The company also benefited from a C$97.4 million windfall from the tariff refunds in the quarter. On an adjusted basis, which strips.