|Bid||18.81 x 0|
|Ask||18.98 x 0|
|Day's Range||18.87 - 19.06|
|52 Week Range||9.20 - 26.37|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||43.14|
|Earnings Date||Oct. 13, 2020 - Oct. 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.19|
This top retail stock just reported a challenging quarter. Yet it has incredible turnaround potential, and I think this stock has nowhere to go but up!The post Buy Alert: 1 Top Stock to Buy in July! appeared first on The Motley Fool Canada.
Aritzia (TSX:ATZ) released its first-quarter earnings report on July 9. It could be a great long-term buy, despite near-term challenges. Let’s find out why.The post Don’t Miss Buying This Tiny TSX Stock in July ONLY for the Long Term appeared first on The Motley Fool Canada.
VANCOUVER — Aritzia Inc. reported a first-quarter loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but the clothing retailer sees an opportunity to expand its business amid the global pandemic."It wasn't easy seeing all our boutiques closed ... and the corresponding decline in our revenues and our profitability," said CEO Brian Hill during a conference call with analysts Thursday after the company released its first-quarter financial results.The Vancouver-based retailer closed its 96 stores on March 16 and saw a significant decline in sales in the first two weeks of that month.It beat expectations as it reported a net loss of $26.5 million for the first quarter ended May 31, down from a net income of $16.2 million in the same quarter last year, which ended June 2, 2019.The adjusted net loss was $24.9 million or 23 cents per diluted share compared with net income of $18.5 million or 17 cents per share rrmfor the first quarter the previous year.Net revenue totalled $111.4 million, down 43.4 per cent from $196.7 million in the same time last year.Aritzia's adjusted net loss was expected to be 25 cents per share on $108.5 million of revenues, according to financial markets data firm Refinitiv.Despite the drop in overall revenues, e-commerce sales grew more than 150 per cent during the quarter.Aritzia started a phased reopening of stores on May 7. Thirty had reopened by the end of the quarter and 89 as of July 9. Only seven, including four in Manhattan, remain closed.Reopened stores have exceeded the company's expectations so far, said Hill, noting the company is viewing the second quarter "with cautious optimism as we prepare for a period of recovery."During the first five weeks of the quarter, reopened stores have performed at 55 per cent to 65 per cent of last year's revenue levels, he said, calling that "well above our initial expectations.""We don't know what the new normal will hold until sometime next year."Aritzia's net revenue for the first five weeks of the second quarter were down 25 per cent to 30 per cent compared with the same time last year, said chief financial officer Todd Ingledew.E-commerce revenue remains strong, though growth has moderated since most of the company's stores have reopened, he said, and is currently trending 50 per cent to 100 per cent higher than last year.Aritzia plans to open five or six new stores and reposition three existing locations, primarily in the second half of the fiscal year. Half of the leases the company has signed were negotiated after the pandemic began and reflect what he called "compelling post-COVID financial terms."Aritzia will also open two pop-up locations in New York and Los Angeles this fall.The real estate opportunity for Aritzia right now is "unprecedented," said Hill, noting that the company is understored and many other retailers are shutting their bricks-and-mortar locations."More premier locations are becoming available and under increasingly compelling financial terms," he said."So much so, it's hard to determine at this point if our stores were more profitable prior to COVID-19 ... or our new stores will be more profitable as a result of new economics post COVID-19."Aritzia is also in a good position thanks to e-commerce growth to expand its product lines by offering different sizes, lengths and colours; as well as new categories, such as swim, intimates, bags, shoes and beauty, he said."While this has certainly been a difficult period, it has also been a period of learning and in creating opportunities that weren't there for us previous to the pandemic."Aritzia's shares gained 59 cents or three per cent to $19.96 in Thursday trading on the Toronto Stock Exchange.Companies in this story: (TSX:ATZ)This report by The Canadian Press was first published July 9, 2020.Aleksandra Sagan, The Canadian Press
Aritzia Reports Financial Results for First Quarter ended May 31, 2020
Aritzia’s (TSX:ATZ) will release its first-quarter results tomorrow. If the event causes any short-term sell-off in its stock, I would consider that a buying opportunity. Let’s find out why.The post Buy This Cheap TSX Stock on Dips After Its Q1 Earnings Tomorrow appeared first on The Motley Fool Canada.
Face mask demand could drive retail stocks such as Aritzia’s (TSX:ATZ) much higher. The post 2 Stocks That Could Tap Into the Billion-dollar Market for Face Masks appeared first on The Motley Fool Canada.
Wondering how to invest in stocks in July? Focusing on companies that benefit from the re-opening such as Lightspeed POS (TSX:LSPD).The post 3 Top Growth Stocks for July appeared first on The Motley Fool Canada.
VANCOUVER, BC, June 25, 2020 /CNW/ - Aritzia Inc. (TSX: ATZ) will release its first quarter fiscal 2021 financial results after market close on July 9, 2020. A conference call to discuss the earnings results ...
During the coronavirus pandemic, there are a number of TSX retail stocks you'll want to avoid; however, these three will remain robust.The post 3 TSX Retail Stocks That Will Survive the Pandemic No Matter What appeared first on The Motley Fool Canada.
North American consumers are returning to buy with a vengeance. Here's two cheap TSX stocks that could see some major upside from this trend!The post Too Cheap to Miss: 2 TSX Stocks I'd Buy Now appeared first on The Motley Fool Canada.
Aritzia Inc. (TSX:ATZ) is one of the three growth stocks I suggest to buy for future gains.The post Got $12,000? Buy These 3 Stocks Right Now appeared first on The Motley Fool Canada.
Canadian investors should consider adding scorching TSX stocks like Aritzia Inc. (TSX:ATZ), as the markets continue to build momentum ahead of the summer.The post 3 Hot TSX Stocks to Buy This Summer appeared first on The Motley Fool Canada.
Aritzia (TSX:ATZ) isn't a stock that I expect will be able to survive the COVID-19 pandemic.The post Could This Major Retailer Be in Danger of Going Bankrupt? appeared first on The Motley Fool Canada.
Consider buying these two TSX stocks to gain from the reopening of the economy.The post 2 TSX Stocks With Strong Upside As the Economy Reopens appeared first on The Motley Fool Canada.
Looking to buy stocks for long term? Consider these two TSX stock for creating wealth.The post 2 TSX Stocks for Long-Term Wealth Creation appeared first on The Motley Fool Canada.
Vancouver-based Aritzia Inc. saw online sales skyrocket amid the coronavirus pandemic, but the clothing retailer still expects revenues to decline by 45 per cent in the upcoming quarter.
VANCOUVER — Clothing retailer Aritzia Inc. expects its net revenue is about 45 per cent lower for the current quarter compared with the same time last year due to COVID-19 related store closures and despite a significant spike in online sales.The company expects net revenue for the three months ending May 31 to fall to between $105 million and $110 million, compared with about $197 million in the first quarter last year, the company said Thursday."This reflects two weeks of decelerating retail revenues in March prior to our boutique closures," said CEO and founder Brian Hill during a conference call with analysts.Aritzia saw sales in stores slow in the first two weeks of March as the coronavirus pandemic unfolded in Canada. On March 16, the company shuttered its 96 stores in Canada and the U.S. in an effort to help curb the spread.However, Aritzia experienced strong e-commerce revenues for the quarter, he said.Artizia reoriented its online merchandise toward products more relevant for the country's efforts to stay home as much as possible. The company also removed minimum spends in order to qualify for free shipping and relaxed its return policy, among other measures."Even though our overall business was down significantly as a result of our boutique closures, our e-commerce revenue growth has been in excess of 150 per cent compared to last year," he said, noting that's helped enable the company to avoid any layoffs or furloughs during the pandemic.Artzia also expects to receive about $6 million from Canadian and American government support programs for each month that it qualifies, which has helped keep its employees at their jobs.The retailer prioritized investing in digital selling tools, including a new app it has been piloting since mid-May, said Jennifer Wong, president and chief operating officer.Twenty-five stylists are using the new Clientele App to connect with their top clients. The app allows them to view client profiles and purchase histories; call, text or email clients; and curate looks and share styles, among other functionalities that intend to drive traffic and sales to the retailer's website."We have already seen some encouraging early results."The company has started to slowly reopen some of its boutiques as of May 7 and expects to have about 30 of its locations opening by the end of the first quarter.Its financial outlook came as the company reported results for its most recent quarter.Aritzia saw net revenue for the fourth quarter ended March 1 grow 6.3 per cent to $275.4 million compared with $259.1 million in the same quarter the previous year.Net income totalled $21.7 million, up 16 per cent from $18.7 million in the fourth quarter of the previous year.Adjusted net income for the quarter fell 6.6 per cent to $23.4 million or 21 cents per diluted share, compared with $25.1 million or 21 cents per diluted share at the same time last year.The company's "results were solid although a thread shy of forecast," wrote Irene Nattel, an analyst with RBC Dominion Securities Inc., in a note.She noted that Aritzia's estimated first-quarter adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss of $24 million to $28 million is larger than her previously published forecast of a positive $3.5 million."Strong demand during the COVID-19 period is an outstanding outcome given consumer spending focused on necessities during the period."This report by The Canadian Press was first published May 28, 2020.Companies in this story: (TSX:ATZ)Aleksandra Sagan, The Canadian Press
Aritzia Reports Financial Results for Fourth Quarter and Full Year Fiscal 2020 ended March 1, 2020
These stocks can jump from a change in the Canadian coronavirus situation. Can you guess which stock is a safer play?The post Coronavirus Canada: These TSX Stocks Are Set to Spike appeared first on The Motley Fool Canada.
Consider buying these two beaten-down stocks and hold them for the long run.The post 2 TSX Stocks to Buy While They Are Still Down appeared first on The Motley Fool Canada.
VANCOUVER , May 4, 2020 /CNW/ - Aritzia Inc. (TSX: ATZ) will release its fourth quarter fiscal 2020 financial results after market close on Thursday, May 28, 2020 . A conference call to discuss the earnings ...
Retail stocks have been one of the hardest-hit industries, but this top TSX stock is well positioned and set to soar when the economy re-opens.The post 1 TSX Stock That Could Skyrocket When the Economy Re-Opens appeared first on The Motley Fool Canada.