Aritzia (ATZ) was up over 7% Friday after a blowout Q1, which delivered 43% Y/Y revenue growth (35% same-store)

and another quarter of margin expansion - thanks to markup improvements, better inventory management, and operating leverage.

The print drove a 400 bps bump to management’s full-year growth guide (now over 25% at the midpoint), as Aritzia’s fundamental performance keeps the multiple in check.

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