Aritzia tops Q1 earnings estimates, raises full-year revenue outlook

Aritzia Inc. (TSX: ATZ) reported its first-quarter results on Thursday, surpassing analyst expectations for both earnings and revenue. The Vancouver-based fashion retailer announced that it earned $0.70 per share on revenue of $735.7 million, beating the consensus estimates of $0.58 per share and $728.5 million, respectively. The company also raised its full-year revenue outlook, projecting sales to be between $2.55 billion and $2.70 billion, up from its previous forecast of $2.45 billion to $2.60 billion. This optimistic outlook was driven by strong performance in its core markets and the successful launch of new product lines. Aritzia's stock saw a modest increase in pre-market trading following the announcement.