Aritzia Inc.
Q4 2018 Earnings Call Transcript

Published: 13 May 2018

[Executives Catherine Tang - Senior Director, Project Management OfficeBrian Hill - Founder and Chief Executive OfficerJennifer Wong - President, Chief Operating Officer and Corporate SecretaryTodd Ingledew - Chief Financial OfficerAnalysts Mark Petrie - CIBC World MarketsMark Altschwager - Robert W. Baird & Co.Irene Nattel - RBC Capital MarketsCamilo Lyon - Canaccord Genuity Group Inc.Meaghen Annett - TD SecuritiesDylan Carden - William Blair & Company L.L.C.Lorraine Hutchinson - Bank of America Merrill LynchOperator Thank you for standing by. This is the conference operator. Welcome to Aritzia's Fourth Quarter 2018 Earnings Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]I would now like to turn the conference over to Catherine Tang. Please go ahead.Catherine Tang Thank you, operator. And thank you, all, for joining us for Aritzia's Fourth Quarter and Fiscal Year 2018 Earnings Conference Call.Joining me today for the results are:]

Brian Hill, Founder, CEO and Chairman; Jennifer Wong, President and COO; and Todd Ingledew, CFO.We will begin today's call with management's discussion followed by a question-and-answer period open to analysts and investors. Please note that remarks on this conference call may provide certain information regarding our expectations, future plans and intentions that may constitute forward-looking statements. We would refer you to our most recently filed management's discussion and analysis, which includes a summary of the significant assumptions underlying such forward-looking statements and certain risks and factors that could affect our future performance and our ability to deliver on these forward-looking statements.The fourth quarter and fiscal year 2018 earnings release, the related financial statements, management's discussion and analysis and the annual information form are available on SEDAR, as well as the Investor Relations section of Aritzia's website at aritzia.com. Finally, all figures discussed on this conference call are in Canadian dollars, unless otherwise noted.I will now turn the call over to Founder, CEO and Chairman, Brian Hill.Brian Hill Thank you, Catherine. And thank you, everyone, for joining us today. We're extremely pleased to have delivered record net revenue and adjusted EBITDA results for the fourth quarter and full year. Our performance clearly demonstrates the strength of our business model and our ability to execute.We attribute our outstanding track record of consistent financial performance to our first rate execution of the three key fundamental components of our powerful business model