In the latest Livewire Market’s Buy Hold Sell, Nick dives into US reporting season and shares one standout performer from the Ellerston Global Mid Small Cap Fund – Canadian women’s apparel retailer Aritzia (TSE: ATZ).
Aritzia shot the lights out:
• The Company beat earnings expectations by 40%
• Doubled EBITDA year-on-year
• Delivered an impressive 22% same-store sales (comp) – likely the best in US apparel this quarter
• Crucially, maintained EBITDA margin guidance despite widespread expectations of tariff pressure
A great example of the high-quality mid and small caps the Fund seeks to own globally.
Watch the interview here:
Recorded 19 November 2025