Aritzia Q3 2024 Investor Presentation
Forward-Looking Information
Certain statements made in this document may constitute forward-looking information under applicable securities laws. Statements containing forward-looking information are neither historical facts nor
assurances of future performance, but instead, provide insights regarding management's current expectations and plans and allow investors and others to better understand the Company's anticipated business
strategy, financial position, results of operations and operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Although the Company believes that the
forward-looking statements are based on information, assumptions and beliefs that are current, reasonable, and complete, such information is necessarily subject to a number of business, economic, competitive
and other risk factors that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information.
Specific forward-looking information in this document include, but are not limited to, statements relating to:
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our Fiscal 2027 strategic and financial plan,
our fourth quarter Fiscal 2024 financial outlook, including our expected outlook for: (i) net revenue in the range of $670 million to $690 million, (ii) gross profit margin to be flat to slightly up compared to Q4 2023
and (iii) SG&A as a percentage of net revenue to increase by approximately 250 bps compared to Q4 2023
our full Fiscal 2024 financial outlook, including our expected outlook for (i) net revenue in the range of $2.32 billion to $2.34 billion for full Fiscal 2024, (ii) new boutiques and expansions or repositions, (iii) gross
profit margin to decrease by approximately 300 bps for Fiscal 2024 compared to Fiscal 2023, (iv) SG&A as a percentage of net revenue to increase by approximately 300 bps for Fiscal 2024 compared to Fiscal
2023, and (v) capital cash expenditures (net of proceeds from lease incentives) of approximately $180 million for Fiscal 2024,
our approach and expectations with respect to our real estate expansion strategy, including boutique growth, payback period expectations and timing of openings,
our expected investment in the scalability of our business including timing of projects,
our eCommerce growth and enhancement of our eCommerce capabilities and omni-channel experience, including statements relating to the delivery of eCommerce 2.0,
our ability to build momentum in our business and expedite our investments across our strategic growth drivers including geographic expansion, eCommerce growth and increased brand awareness and the
anticipated results therefrom,
our growth strategies and plans for continued strategic investments in technology, digital and physical infrastructure, processes and people to achieve our long-term goals,
our expectations with respect to strong revenue growth, our ability to scale our investments and leverage our fixed costs and the anticipated results therefrom,
our normal course issuer bid and future purchases of subordinate voting shares, and
our environmental, social and governance initiatives.
Particularly, information regarding our expectations of future results, targets, performance achievements, intentions, prospects, opportunities or other characterizations of future events or developments or the
markets in which we operate is forward-looking information. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is
expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or positive or negative variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might", "will", "will be taken", "occur", "continue" or "be achieved".
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Forward-looking statements are based on information currently available to management and on estimates and assumptions, including assumptions about future economic conditions and courses of action.
Examples of material estimates and assumptions and beliefs made by management in preparing such forward-looking statements include, but are not limited to:
anticipated growth across our retail and eCommerce channels,
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anticipated growth in the United States and Canada,
general economic and geopolitical conditions, particularly in light of inflationary pressures,
changes in laws, rules, regulations, and global standards,
ongoing cost inflationary pressures,
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our competitive position in our industry,
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our ability to keep pace with changing consumer preferences,
no COVID-19 related restrictions impacting client shopping patterns or incremental direct costs related to health and safety measures,
our future financial outlook,
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our ability to drive ongoing development and innovation of our exclusive brands and product categories,
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our ability to invest in physical and digital infrastructure to support growth,
2- Aritzia Q3 2024 Investor Presentation
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