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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.


TSXV:RET - Post by User

Comment by Torontojayon Apr 16, 2023 8:30pm
99 Views
Post# 35397674

RE:A Statistical Outlook for Q1 of 2023

RE:A Statistical Outlook for Q1 of 2023

I'm not sure I follow. 


Is the chart on the lhs at the bottom suppose to read Q1,2023? 

S,g&a is likely to be much higher in Q1 fiscal 2024 for the following reasons: 

S,g&a received a government subsidy of $9.1m and I don't see any reason why this should continue. The government subsidy reduced the operational expenses of the company. In addition, there were no incentive plan bonuses paid out in Q1. 


S,g&a will be higher for 2 main reasons: 

1) $9.1m will be added to Q1 if they receive no more subsidies. 


2) inflation has increased operational expenses for the company

Q4 fiscal 2023 was negatively impacted because of the $8.6m in incentive bonuses for the quarter which was offset, to a lesser extent, by $4.6m in government subsidies. It is worth noting that for the year, $19.9m in incentive bonuses was paid and a total of $21.5m was received in government subsidies which reduced operational expenses. 
 

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