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Aritzia Reports First Quarter Fiscal 2022 Financial Results Net revenue increased by 121.7 % to $ 246.9 million Adjusted EBITDA increased by $ 66.1 million to $ 40.9 million from a loss of $ ( 25.2 ) million LY VANCOUVER , July 13 , 2021 - Aritzia Inc. ( TSX : ATZ , " Aritzia " or the " Company " ) , a vertically integrated , innovative design house offering Everyday Luxury online and in its boutiques , today announced its first quarter financial results for fiscal 2022 ended May 30 , 2021 . " We are extremely pleased with the start of fiscal 2022. The strength of our multi - channel business fueled first quarter net revenue growth of 122 % , despite half of our Canadian boutiques remaining closed for the majority of the quarter . Driven by strong client response to our beautiful product assortment , our eCommerce revenues continued their positive trend , growing 19 % on top of the 125 % increase that we saw in the first quarter last year . Retail sales productivity at our open boutiques returned to pre - COVID - 19 levels , ramping faster than we anticipated . In the United States , our brand affinity is deepening , where net revenues have more than tripled , growing at 200 % from the prior year , " said Brian Hill , Founder , Chief Executive Officer and Chairman . " We are emerging from the pandemic confident in our ability to consistently deliver profitable growth given the momentum in our business , led by the continued acceleration of sales in the United States and sustained growth in our eCommerce business . We are leveraging our world class operational expertise , infrastructure and strong financial position to expedite investments across our four key strategic growth drivers , as evidenced by our recent accelerated product expansion into men's with the acquisition of Reigning Champ . I remain deeply grateful for our people's commitment to delivering our Everyday Luxury experience and our clients ' enduring loyalty to Aritzia , " concluded Mr. Hill . First Quarter Highlights - Net revenue increased 121.7 % to $ 246.9 million from Q1 2021 and 25.5 % from Q1 2020 despite the closure of 34 of the Company's 102 boutiques for approximately two - thirds of the quarter , with the open boutiques in Canada operating under capacity restrictions eCommerce revenue increased by 18.6 % to $ 104.0 million from Q1 2021 and 167.3 % from Q1 2020 , comprising 42.1 % of net revenues in Q1 2022 Retail sales productivity of open boutiques in the quarter trended , on average , at 99 % of pre- COVID - 19 levels in Q1 2020 despite capacity restrictions and limited operating hours Gross profit margin ( 1 ) increased to 44.2 % from 11.7 % in Q1 2021 , and 43.5 % in Q1 2020 Adjusted EBITDA ( 1 ) increased to $ 40.9 million from $ ( 25.2 ) million in Q1 2021 Adjusted Net Income ( 1 ) of $ 0.19 per diluted share , compared to $ ( 0.23 ) per diluted share in Q1 2021 1