July 9 (Reuters) - Aritzia Inc ATZ.TO :
* ARITZIA REPORTS FINANCIAL RESULTS FOR FIRST QUARTER ENDED MAY 31, 2020
* ARITZIA INC - EXPERIENCED A SIGNIFICANT DECLINE IN SALES DURING FIRST TWO WEEKS OF MARCH
* ARITZIA INC QTRLY NET REVENUE DECREASED BY 43.4% TO $111.4 MILLION FROM Q1 LAST YEAR
* ARITZIA INC - INVENTORY AT END OF Q1 WAS $114.6 MILLION, COMPARED TO $109.1 MILLION AT END OF Q1 LAST YEAR
* ARITZIA INC QTRLY ADJUSTED NET LOSS PER DILUTED SHARE WAS $0.23
* ARITZIA INC - 89 BOUTIQUES HAVE BEEN REOPENED AS OF JULY 9TH, WITH INITIAL SALES EXCEEDING EXPECTATIONS
* ARITZIA - SEES OPENING OF ANOTHER FIVE TO SIX NEW BOUTIQUES, TWO EXCLUSIVE POP-UPS, REPOSITIONING THREE EXISTING LOCATIONS IN REMAINDER OF FISCAL 2021
* ARITZIA INC - WILL NOT BE PROVIDING GUIDANCE FOR Q2 AND FULL YEAR FISCAL 2021 FINANCIAL RESULTS
* ARITZIA INC - EXPECTS CAPITAL EXPENDITURES FOR FISCAL 2021 TO BE ABOUT $30 TO $35 MILLION