05:24 PM EDT, 09/19/2024 (MT Newswires) -- Reitmans Canada (RET-A.V) Thursday said its fiscal second-quarter rose 17% even as sales were steady.

The clothing retailer said it earned $15.7 million, or $0.32 per share, in the quarter ended Aug.3, up from $13.4 million, or $0.27, in the year-prior period.

Revenue edged higher, rising to $215.5 million from $214.6 million.

Adjusted EBITDA rose 22% to $23.4 million.

"We had an excellent second quarter and one of our best quarters of the past ten years," said chief executive Andrea Limbardi. "Despite operating 16 fewer stores compared to the same period last year, our net revenues were up slightly.

Reitman's Class A shares closed up $0.02 to $2.42 on the TSX Venture Exchange.