Reitmans Ord Shs V.RET

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

Consumer Cyclical Apparel Stores

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 locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

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Reitmans Ord Shs > Q4 revenue/earnings estimate

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Post by Torontojayon Apr 04, 2023 12:14pm

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Post# 35378834

Q4 revenue/earnings estimate

I think the company can achieve revenue around $220m-$230m in fourth quarter as compared to $190m last year. A good chunk of that increase will come from pent up demand for their merchandise and costs being passed on to consumers. Last year, they achieved fourth quarter gross margins of 50.57% and I think they can bring that up to around 53/54%.

Operating expenses was $102.3m in Q3 and has been trending higher. I have pegged fourth quarter operating expenses at around $105m.

R : $220m- $230m

gp: $116.6m- $124.2m

oe: $105m

oi: $11.6m - $19.2m

gp= gross profit
oe= operating expense
oi= operating income

Im going to say operating income will lie somewhere between $10m and $20m.