Bullboard - Stock Discussion Forum Reitmans Ord Shs V.RET.A

Primary Symbol: V.RET Alternate Symbol(s): RTMAF | RTMNF

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store... see more

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Reitmans Ord Shs > Reitmans Outlook

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Post by nozzpack on May 03, 2023 7:19pm

Reitmans Outlook

As at January 28, 2023, management’s assessment is that the Company has the ability to generate future profitable operations and that it is probable that future taxable profits will be available to utilize the tax benefits.

$32 million ?

211

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Comment by nozzpack on May 04, 2023 1:41pm

This statement was made 3 weeks ago when Q1 was in the bag and they had to have an excellent Q2 perspective on the Canadian apparel market. Afterall, they elevated their inventory going into Q1, for the Canadian spring and summer market. That profitability of $32 million would is needed to cover the deferred tax benefit and I doubt that they would have risk off for Q3 unless ...more

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Reitmans Ord Shs