Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Reitmans Ord Shs V.RET

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

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 nozzpackon Apr 16, 2023 11:49am
73 Views
Post# 35397283

RE:A Statistical Outlook for Q1 of 2023

RE:A Statistical Outlook for Q1 of 2023

At cost with an average 53% gross margin, the $138 million in Finished goods Inventory entering Q2 of
2023 can supply nearly $300 million in Retail sales.

Q2 sales were $205 million in 2022, so there would still be sufficient Inventory entering Q3 of 2023 to cover $100 million in Q3 sales.
 

So, by judicious inventory curation, Management have lots of room to vary the amount of new Inventory that needs to be produced each quarter......a few million lower means higher gross margins and a few millions more for earnings for that quarter.

This is how Q2 and Q3 are so profitable whereas lots of costs are dumped into Q4 making Q4 a much poorer quarter .

<< Previous
Bullboard Posts
Next >>