Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
VANCOUVER - Canadian fashion retailer Aritzia Inc. (TSX:ATZ), whose stock has surged 80% over the past year and currently trades near its 52-week high of $55.29, held its Annual General Meeting of Shareholders on Tuesday, where all nominated directors were elected and PricewaterhouseCoopers LLP was reappointed as the company’s auditor.
The meeting, conducted via live webcast, saw 265,198,248 votes cast by shareholders. Two new directors joined the board: Nicholas Drake, Vice President of Global Marketing at Google LLC since 2019, and Frank Douglas Mack, former CEO of Fanatics, Inc. from 2014 to 2021. According to InvestingPro, Aritzia maintains a "GREAT" financial health score, supporting its strategic board appointments.
Drake and Mack replace outgoing directors Aldo Bensadoun and Daniel Habashi, who did not seek re-election. They also fill the vacancy left by John Montalbano, who resigned in February to pursue other endeavors.
Brian Hill, Chairman of the Board, expressed gratitude to the departing directors, stating their "unique perspectives have been instrumental in guiding and supporting our strategy."
CEO Jennifer Wong commented on the new appointments, describing Drake and Mack as "esteemed leaders with a strong grasp of today’s dynamic retail landscape."
Aritzia, which describes itself as a vertically integrated design house offering "Everyday Luxury" products, currently operates more than 130 boutiques throughout North America alongside its e-commerce platform. The $6.2 billion market cap company has demonstrated strong growth, with revenue increasing 17.4% in the last twelve months. Investors can access detailed growth metrics and 12 additional ProTips through InvestingPro.
The company filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+, according to the press release statement. Investors anticipating Aritzia’s next earnings report on July 10 can access comprehensive financial analysis and Fair Value estimates through InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.