Post by
naissance17 on Apr 13, 2023 9:39pm
Reitmans (La Presse)
https://www.lapresse.ca/affaires/entreprises/2023-04-13/hausse-des-ventes-et-baisse-des-benefices-au-quatrieme-trimestre-pour-reitmans.php
Comment by
pennylane101 on Apr 14, 2023 8:51am
Yeah, it didn't help the bottom line that 1) they paid themselves an increase of $19.9 million in incentive bonuses and 2) Depreciation and amortization of roughly $45 million.
Comment by
pennylane101 on Apr 14, 2023 9:10am
That was for the fiscal year, not the 4th quarter.
Comment by
Torontojay on Apr 14, 2023 9:27am
Depreciation and amortization is high because lease payments are high. The company leases their locations which is about $81k per location. The depreciation and amortization includes the right of use depreciation in its calculation. The capex maintenance for the business is about $10m which is the depreciation component. The rest are the lease payments.