05:32 PM EDT, 06/17/2025 (MT Newswires) -- Reitmans (Canada) (RET-A.V) after close of trade Tuesday reporting a fiscal first-quarter loss per share of $0.20, compared with a year-prior loss of $0.03.

Revenue for the clothing retailer fell 4.1% to $158.9 million from $165.7 million a year earlier, primarily due to "severe winter weather in the month of February and economic uncertainty."

Adjusted EBITDA was a negative $10.6 million, down from $900,000 on the positive side in Q1 2025.

"While our e-commerce revenue grew in Q1, it was not enough to offset lower in-store traffic resulting from near-record snowfall accumulations in some regions during February," said President and CEO Andrea Limbardi. "We saw improvement once the weather cleared; however, consumers were more price-conscious amid ongoing economic uncertainty."

Reitmans shares closed up $0.07 to $2.25 a share on the TSX Venture Exchange.