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Reitmans Ord Shs V.RET

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

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.


TSXV:RET - Post by User

Comment by splurgeon Apr 14, 2023 4:04pm
123 Views
Post# 35395950

RE:RE:RE:Net cash from Operations 2022

RE:RE:RE:Net cash from Operations 2022

I agree with you. They reported $83.5 mln operating cash flow before income tax recovery (-$31.7).
Before working capitol changes is Ali interesting way to look at it too. That would be $7.994 mln plus non recurring income tax recovery of $31.7 = $39.7.  That is amazing compared to most years from 2007 until now. Have not looked back farther.
who could have expected a dividend after restructuring. It would be stupid. Many have taken a hit including landlords. They probably have not spent cap x they should have because of Covid and lockdowns and also I under trustee during the past few years so let them sit with the cash for a bit. Maybe special dividends down the road my guess over a minimum cash reserve threshold.
splurge

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