Aritzia shares down after co lowers Q2 2024 revenue forecast

Aritzia

12/07/2023 17:00

July 12 (Reuters) -    ** Shares of Canadian fashion
company Aritzia Inc.  ATZ.TO  fall 19% to a near
two-and-half-year low of C$27.24
    ** Co lowers net revenue guidance to the range of C$2.25 bln
to C$2.35 bln for second qtr vs prior view of C$2.42 bln to
C$2.5 bln  urn:newsml:reuters.com:*:nCNWwGtx7a
    ** Co also reported Q1 adj net income of C$0.10 per shr vs
C$0.35 per shr in Q1 2023
    ** About seven brokerages have cut price target after the
company reported Q1 profit after bell on Tuesday  
    ** Including today's losses, ATZ.TO is down 42.3% YTD

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))