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Reitmans reports second-quarter profit of $10.1M, down from $13.1 last year
Lower transaction volume and reduced clearance activity helped push net earnings to $10.1 million, while revenue slipped 2% to $211.8 million.
- Reitmans Ltd. reported net earnings of $10.1 million for the second quarter, down from $13.1 million a year earlier.
- Lower transaction volume and reduced clearance activity during the period drove the financial decline, the company attributed.
- Net revenue fell two per cent year-over-year to $211.8 million from $215.9 million, while diluted earnings per share dropped to 20 cents from 26 cents.
- Reitmans ended the quarter with $119.7 million of inventory, approximately five per cent lower than the previous year.
- The retailer operates 385 stores across Canada and trades on the TSX under symbol RET.A, reflecting its market position.
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Reitmans Ltd. announced a net income of 10.1 million in the second quarter, down from 13.1 million a year earlier.
·Montreal, Canada
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MONTREAL, Sept. 17, 2026 /CNW/ -- Reitmans (Canada) Limited ("RCL" or "Company") (TSXV: RET) (TSXV: RET–A), one of the leading retailers of
·Montreal, Canada
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Coverage Details
Total News Sources13
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
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