Aritzia stock jumps 20% after Q3 2024 financial results | 2024-01-11 | Investing News

Date:

  • Aritzia stock is up after the release of its Q3 2024 financial results, reporting net revenue of C$654 million during the quarter
  • The company noted its Toronto-based distribution centre successfully ramped up, which contributed to record volume and an improved inventory
  • Moving forward, Aritiza anticipates launching its spring 2024 line with a wide range of products and inventory position
  • Shares of Aritzia are up 20.97 per cent to C$32.01 as of 10:47 am ET

Aritzia (TSX:ATZ) stock is up more than 20 per cent on Thursday after the release of its Q3 2024 financial results.

In a news release, the Vancouver-based designer company reported revenue for the quarter of C$654 million, representing a 5 per cent increase from the previous quarter.

Highlights from Aritzia stock’s Q3 2024 financial results include:

  • a net revenue increase of 4.6 per cent from Q3 2023 to to $653.5 million in Q3…

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