Reitmans Ord Shs V.RET

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

Consumer Cyclical

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.

TSXV:RET - Post by User

Reitmans Ord Shs > For RET, Gross Profit increases with Gross Revenue

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Apr 13, 2023 2:36pm

95 Views

Post# 35393598

RE:For RET, Gross Profit increases with Gross Revenue

If we replicate Q2/22 revenues of $229 million in Q4, will we replicate the other key financial metrics ?

Gross profit for the second quarter of 2022/23 increased $43.0-million to $138.7-million ..

Gross profit as a percentage of sales for the second quarter of 2023 increased to 60.5 per cent from 55.5 per cent for the second quarter of 2022.

Net earnings from continuing operations for the second quarter of 2023 was $37.3-million (76 cents basic and diluted earnings per share)

We do know that freight and shipping rates continued to decline in Q4.

Revitalixed PENN May have boosted sales relative to Q2 of 2022.

Cost compression measures continued ..

But, $0.76 per share in net Earnings ?

Wow.

But, I would be very happy with $0.30 per share in net earnings and another $20 million added to cash..