financetom
Business
financetom
/
Business
/
Reitmans (Canada) Reports Lower Profit, Slightly Higher Revenue for Fiscal Second Quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Reitmans (Canada) Reports Lower Profit, Slightly Higher Revenue for Fiscal Second Quarter
Sep 20, 2025 9:39 PM

05:25 PM EDT, 09/18/2025 (MT Newswires) -- Reitmans (Canada) ( RTMNF ) (RET-A.V) after trade Thursday said its fiscal second-quarter profit declined while revenue rose slightly year-over-year.

The clothing retailer earned $13.1 million, or $0.26 per share, in the period, down from $15.7 million, or $0.32 per share, a year ago.

Revenue for the quarter ended Aug. 2 stood at $215.9 million, up from $215.5 million a year prior.

FactSet estimates were not available.

Adjusted EBITDA was $21.4 million, down from $23.4 million in the year-ago quarter. The company said that the decline was mainly due to lower gross margin and unfavorable foreign exchange.

"Sales in the second quarter were among the best in the last few years, despite three fewer stores and the closure of Thyme Maternity," Chief Executive Andrea Limbardi said, adding that RW&CO is set to open a new 8,000-square-foot flagship store in Saint-Bruno, Quebec, in October.

Reitman shares closed unchanged at $2.10 on the TSX Venture Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BioAffinity Technologies Closes $1.8 Million Registered Direct Offering
BioAffinity Technologies Closes $1.8 Million Registered Direct Offering
Oct 9, 2025
01:34 PM EDT, 10/09/2025 (MT Newswires) -- BioAffinity Technologies ( BIAF ) said Thursday it closed a registered direct offering of 720,000 common shares at $2.50 apiece for gross proceeds of $1.8 million. The company said it plans to use the net proceeds for working capital, to support expected growing sales of its CyPath Lung test for lung cancer, and...
BrentCare Behavioral Health Holdings Announces Acquisition of Modern Recovery Network
BrentCare Behavioral Health Holdings Announces Acquisition of Modern Recovery Network
Oct 9, 2025
BRENTWOOD, Tenn., Oct. 9, 2025 /PRNewswire/ -- BrentCare Behavioral Health announced today that it has acquired Modern Recovery Network (MRN), a move that transforms BrentCare into a national leader in adolescent behavioral health. The acquisition expands BrentCare's reach from regional programs in Texas and Florida to a nationwide continuum of care, now offering residential, outpatient, and virtual services across all 50...
Soleno Therapeutics (SLNO) Drops Amid Critical Scorpion Report -- Hagens Berman
Soleno Therapeutics (SLNO) Drops Amid Critical Scorpion Report -- Hagens Berman
Oct 9, 2025
SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- On August 15, 2025, shares in Soleno Therapeutics, Inc. ( SLNO ) experienced a significant drop following the release of a highly critical report by Scorpion Capital. Hagens Berman, a national shareholders rights firm, has opened an investigation into Soleno. The firm will investigate whether Soleno may have misled investors about VYKAT™...
Why Is Boeing Stock Falling Today?
Why Is Boeing Stock Falling Today?
Oct 9, 2025
Boeing Company ( BA ) shares slipped Thursday after fresh uncertainty emerged around one of its most closely watched commercial deals, even as the aerospace giant secured another U.S. military contract. On Wednesday, the U.S. Air Force awarded Boeing ( BA ) a contract exceeding $173 million to supply eight additional MH-139A Grey Wolf helicopters, along with training and sustainment...
Copyright 2023-2026 - www.financetom.com All Rights Reserved