Aritzia (ATZ) AGM 2024 summary

Opening remarks and agenda

• The meeting was held virtually to increase shareholder participation, with formal business led by the Lead Director and remarks from the Founder and Executive Chair, followed by a Q&A session for registered shareholders and proxy holders.

• The agenda included formal business, executive remarks, and a Q&A period, with voting conducted electronically throughout the meeting.

Board and executive committee updates

• Ten directors were nominated and elected to serve until the next annual meeting or until successors are appointed, with a majority voting policy in place.

• The board appointed PricewaterhouseCoopers LLP as auditors, with authority to fix their remuneration.

Financial performance review

• Net revenue reached CAD 2.3 billion in fiscal 2024, a 6% increase year-over-year, following significant growth in the previous two years.

• U.S. net revenue grew to CAD 1.23 billion, up 9% from last year, now representing over half of total net revenue.

• Smart spending initiatives resulted in annualized run-rate savings of over CAD 60 million.