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Reitmans (Canada) Reports Lower Profit, Slightly Higher Revenue for Fiscal Second Quarter
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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.

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