Simon Belanger

Because I think this guidance... Well, it was also trading at a premium.

Yeah, because it had such strong results.

And I think the 11% to 14% same-store sales growth, I think, was known to people before.

So it's just the only thing I could find that caused it to fall that much was the store counts, how they...

expected the store counts to be like too lower than they are.

And as an Aritzia shareholder, this kind of terrifies me because, I mean, something that small to cause the stock to fall 36%, like a lot of these companies have ran up so much over the last while, like as an Aritzia shareholder, like what if Aritzia comes out with a quarter that's like, you know, the market expects 22% same store sales and they post 21%.

Is it falling 20%?

Yeah, it's wild.

36% is a huge dip, and a lot of people can't really find a reasoning for this stock to shed one-third of its value.

It's pretty wild.

I mean, I don't know them well enough.

No.

I mean, I was kind of in the middle, but I got criticized.

Yeah.

So they beat on revenue and earnings estimates, raised guidance, and the stock kind of tanked.

I think it fell like 7% or 8% after reported.

And that's kind of been the story for this one over the last few years.

I think it's down 70% from highs a few years ago.

Revenue increased 11% in constant currency, adjusted earnings by 18%.

I think a lot of that earnings growth because they're buying back a ton of shares.