Aritzia has been smashing earnings for years.
If you didn’t make an easy bag last week on the 17%+ gap up, congrats, you managed to miss one of the cleaner Canadian earnings trades on the board.
But I don’t think the move is necessarily done.
Next catalyst: Investor Day on October 27.
And this is where the setup gets interesting.
Q2 just came in with roughly:
44% revenue growth
34% comps
60% U.S. growth
67% digital growth
record \~21% adjusted EBITDA margin
Management also raised the outlook and said momentum continued into Q3.
Now they get to stand in front of analysts and lay out the next multi-year growth plan.
That means:
earnings beat→ analyst revisions → PEAD → Investor Day → potentially higher long-term revenue/margin targets → more revisions
This is basically the dream setup for post-earnings drift if management gives the market another reason to keep raising estimates.
The obvious risk is that Investor Day is already priced in or management gives conservative long-term targets and the stock fades.
But if they show that U.S. growth still has runway and 20%+ margins are sustainable?
Then last week’s gap might have been the first leg, not the whole move.
Long time share holder, but also FEB 2027 140$ and MAR 150$ calls primed for juicing.
Not financial advice. I just like expensive SuperPuff jackets AND upward estimate revisions.