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 > From 5I research

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Comment by Torontojayon Apr 17, 2023 1:14pm

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Post# 35398770

RE:From 5I research

Typical 5i research pretty clueless.

The balance sheet is just ok???

What do they even mean profit dropped 71%?

Net earnings in Q4 dropped to $27,454 compared to $97,316 last year because of non cash gains last year that did not repeat. Talk about cherry picking the data. This information is pretty much useless.

The business has seasonality and Q1 and Q4 is historically a losing quarter which is offset by large gains in Q2 and Q3. They will likely change their song and dance after Q2 results.

A bunch of clueless people.

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