Reitmans Ord Shs V.RET

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

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 > A Statistical Outlook for Q1 of 2023

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Apr 16, 2023 9:20am

412 Views

Post# 35397165

A Statistical Outlook for Q1 of 2023

A comparison with Q1 of 2022 may be instructive due to the fact that entry
financials are much better.

That is, RET is entering Q1 of 2023 with $142 million of Inventory at cost compared to $119 million in 2022 which is a $23 million gain in statistical
status.

I have made the assumption that Q1 of 2023 relicates that of Q1 of 2022 except that I have boosted COG to 0.49 per unit of sales in 2023 versus 0.455 in 2022.

The results are shown in the Table below .

They show that we have considerable opportunity to at least match 2022 Q1 net operating cash, and gains in cash, as in Q1 of 2022 with potential upside of double Q1 of 2022 key metrics

Comments would be appreciated


	Inventory In	Sales	COG	Inventory Out	New Inventory costs	Net Cash flow ( Added Cash)

Q1 2022	$119 m	$154 m	$70 m	$138 m	$89 m	$18 m ( $10 m )

Q2 2023	$142 m	$154m	$75 m	$138 m	71 M	$36 m ( $20m )