Post by
IRAM99 on Mar 01, 2023 12:36pm
Notes from Abercrombie in relation to Reitmans
Abercrombie reported their Q4 numbers this morning. The main point is that they saw sales in Canada up 7% in Q4. Obviously a different customer base than Retimans but revenue showed an acceleration over the past few quarters pointing to healthy spending on apparel and traffic in malls.
The CEO commented that she "remains optimistic on consumer demand in 2023 and expects sequential improvement.
Expects to see net product cost benefits in 2023 (lower cotton pricing and shipping costs).
Take it for what its worth, but its another sign that Q4 should be strong for Reitmans and I expect cashflow to surprise to the upside.
Comment by
IRAM99 on Mar 02, 2023 10:02am
Similar to Abercrombie, American Eagle just reported better than expected results and the stock is up on the day. They achieved their second highest Q4 revenue in company history and reinstated there quarterly dividend. Just another point backing the expectation that Q4 will be strong for Reitmans.
Comment by
Torontojay on Mar 02, 2023 4:33pm
Thanks for the update. I too expect a strong Q4 and the consumer is still resilient.