Published • loading... • Updated
Reitmans reports second-quarter profit of $10.1M, down from $13.1 last year
Lower transaction volume and reduced clearance activity helped push net earnings to $10.1 million, while revenue slipped 2% to $211.8 million.
- Reitmans Ltd. reported net earnings of $10.1 million for the second quarter, down from $13.1 million a year earlier.
- The company attributed the decline to lower transaction volume during the period and reduced clearance activity compared to the prior year.
- Net revenue fell two per cent year-over-year to $211.8 million from $215.9 million, while diluted earnings per share dropped to 20 cents from 26 cents.
- Reitmans ended the quarter with $119.7 million in inventory, approximately five per cent lower than the previous year.
- Trading on the TSX under symbol RET.A, the Montreal-based retailer operates 385 stores across Canada as of this reporting period.
Insights by Ground AI
11 Articles
11 Articles
MONTREAL, Sept. 17, 2026 /CNW/ -- Reitmans (Canada) Limited ("RCL" or "Company") (TSXV: RET) (TSXV: RET–A), one of the leading retailers of
·Montreal, Canada
Read Full Article
Coverage Details
Total News Sources11
Leaning Left6Leaning Right1Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
13%
12%
Factuality
To view factuality data please Upgrade to Premium
