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RTMNF / Reitmans stock sinks on financial results

Reitmans (TSX:RET) shares slid 25% to $3.20 on Friday after the women's specialty apparel retailer announced that its fiscal 2023 net earnings from continuing operations fell to $77.7 million from $143.2 million last year, which the company attributed primarily to factors such as an increase in overall operating costs as well as lower restructuring recoveries. Reitmans (TSX:RET) did, however, see its net sales for the period increase by 20.9% year over year to $800.6 million, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year rose to $57.0 million from $38.6 million during fiscal 2022. Read More

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Posted: Apr 14 2023, 12:46

Author Name: Proactive Investors

RTMNF News

By Proactive Investors
April 14, 2023

Reitmans stock sinks on financial results

Reitmans (TSX:RET) shares slid 25% to $3.20 on Friday after the women's specialty apparel retailer announced that its fiscal 2023 net earnings from

By Seeking Alpha
March 1, 2023

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