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NEWS RELEASE ARITZIA Aritzia Reports Fourth Quarter and Full Year Fiscal 2021 Results Q4 net revenue decreased by 2.9 % to $ 267.5 million Q4 eCommerce revenue increased by 81.1 % VANCOUVER , May 11 , 2021 – Aritzia Inc. ( TSX : ATZ , " Aritzia " or the " Company " ) , a vertically integrated , innovative design house of fashion brands offering Everyday Luxury in its boutiques and online , today announced its financial results for fourth quarter and full year fiscal 2021 ended February 28 , 2021 . Tna BABATON wilfred " Our financial results for the fourth quarter demonstrated the strength of our multi - channel business and the growing affinity for our brand . Our eCommerce channel sustained 80 % growth while productivity in open , yet severely constrained boutiques remained at 80 % compared to last year . Despite the government - mandated reclosure of 39 % or 39 of our boutiques for the majority of the quarter , we delivered net revenue of $ 267.5 million , representing 97 % of last year's revenue . For the full fiscal year , our eCommerce business surged 88 % to comprise approximately 50 % of net revenue , more than doubling the penetration of 23 % in the prior year . Throughout the pandemic , we protected the health and financial well - being of our people as we continued to offer our much loved Everyday Luxury experience through engaging service , beautiful product , aspirational environments and captivating communications to our clients . In addition , throughout the year we improved our strong liquidity position , which allowed us to continue our strategic investments to capitalize on the opportunities ahead , " said Brian Hill , Founder , Chief Executive Officer and Chairman . " We're excited by the strong start to fiscal 2022 , on - track to more than double our first quarter net revenue compared to last year , reflecting a previously unseen acceleration of sales in the United States and continued growth in our eCommerce business . Looking ahead , we are expediting investments across our four key strategic growth drivers : digital innovation of eCommerce and omni , geographical retail expansion , ongoing product development , and brand awareness . We will continue to expand our high performing team , evolve our processes for even greater efficiency , and enhance our technology to fuel our long term growth . I remain incredibly grateful for the enduring loyalty of our clients and our team's tireless efforts and remarkable resilience this past year , " concluded Mr. Hill . Fourth Quarter Highlights Net revenue decreased 2.9 % to $ 267.5 million from Q4 last year , despite the reclosure of 39 of 101 boutiques for the majority of the quarter eCommerce revenue growth of 81.1 % compared to Q4 last year Sales productivity of reopened boutiques trended on average at 79.6 % of last year's levels despite severe occupancy restrictions and limited operating hours Gross profit margin ( 1 ) increased to 38.5 % from 37.3 % in Q4 last year Adjusted EBITDA ( 1 ) decreased to $ 35.2 million from $ 42.4 million in Q4 last year Adjusted Net Income ( 1 ) of $ 0.16 per diluted share , compared to $ 0.21 per diluted share in Q4 last year 1