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 > Revenue Beat (my forecast)

<< Previous

Bullboard Posts

Next >>

Post by TheCount11on Jun 14, 2023 6:23pm

226 Views

Post# 35496973

Revenue Beat (my forecast)

Q1 was better than I was expecting with Revenues up 7.2%. Gross margins were in line with what I was expecting (noticed more promotions walking the stores) while operating margins were worse with SGA up 8.6%.

Time to uplist to the big board!

<< Previous

Bullboard Posts

Next >>

AI companies to invest in