Reitmans Ord Shs V.RET

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

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

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Post by nozzpackon Apr 13, 2023 12:39pm

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Post# 35393276

Q4 of 2022 was very Profitable

And so will this Q4 which will soon report.

Sales for the fourth quarter of 2022 increased by $45.5-million, or 31.4 per cent, to $190.2-million as compared with $144.7-million for the fourth quarter of 2021,

primarily due to an increase in store traffic and number of transactions as a fewer number of the company's retail stores operated under government-imposed store capacity restrictions during a portion of the fourth quarter of 2022 as compared with a larger number of the company' s retail stores being closed under partial lockdowns during the fourth quarter of 2021.

Gross profit for the fourth quarter of 2022 increased $31.3-million, or 48.2 per cent, to $96.2-million as compared with $64.9-million for the fourth quarter of 2021.

Gross profit as a percentage of sales for the fourth quarter of 2022 increased to 50.6 per cent from 44.9 per cent for the fourth quarter of 2021.

The increase both in gross profit and as a percentage of sales is primarily attributable to lower markdowns and promotional activity in the fourth quarter of 2022 profit for the fourth quarter of 2022 increased $31.3-million, or 48.2 per cent, to $96.2-million as compared with $64.9-million for the fourth quarter of 2021

$225 million times 50.6 % means a gross profit of about $115 for Q4 this year..

Just sayin