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.

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Reitmans Ord Shs > Roots results out

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Comment by TheCount11on Apr 10, 2024 9:20am

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Post# 35980861

RE:Roots results out

The full year results are decent although you would never know that from the Stockhouse steerage section that wanted CEO fired.

There are really 2 choices for Roots:
1) BAD: Revenue today and worse Brand tomorrow.
2) GOOD: Better Brand today and tomorrow.

Management building a better Brand. They know and understand their target customers. FY $263M revenue DTC GM was 61.1% with $36M of inventory.

Company repurchased 1,438,318 shares for $4.4 million in F2023 while FCF was $12.4M.

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