Reitmans (Canada) Limited (TSE:RET) has released an update.
Reitmans (Canada) Limited reported a steady first quarter for fiscal 2025 with $165.7 million in net revenues and a significant improvement in gross profit margin, rising to 56.7%. The company also announced plans to buy back up to 10% of its Non-Voting Shares through a Normal Course Issuer Bid. Despite a challenging economic climate, operational enhancements and inventory management led to a reduced net loss and are positioning the company for future growth through modernization initiatives.
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