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Reitmans (Canada) ( (TSE:RET) ) has provided an announcement.
Reitmans (Canada) Limited reported its second-quarter financial results for fiscal 2026, highlighting net revenues of $215.9 million, which remained stable despite having fewer stores and the closure of Thyme Maternity. The company experienced a slight decline in comparable sales by 1.3% and a decrease in gross profit margin by 220 basis points to 56.9%. Adjusted EBITDA was $21.4 million, impacted by foreign exchange losses and increased promotions. Despite these challenges, Reitmans is advancing its five-year strategic plan, focusing on brand growth through targeted investments, including the opening of a new RW&CO flagship store in Québec.
The most recent analyst rating on (TSE:RET) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Reitmans (Canada) stock, see the TSE:RET Stock Forecast page.
Spark’s Take on TSE:RET Stock
According to Spark, TipRanks’ AI Analyst, TSE:RET is a Neutral.
Reitmans (Canada) has a stable financial foundation but faces significant profitability challenges. The stock’s technical indicators suggest a bearish trend, and its valuation appears high given the current financial performance. Strategic initiatives offer some long-term potential, but immediate financial hurdles remain.
To see Spark’s full report on TSE:RET stock, click here.
More about Reitmans (Canada)
Reitmans (Canada) Limited is a leading specialty apparel retailer in Canada, known for its diverse range of women’s clothing. The company focuses on providing fashionable and affordable apparel, catering to a broad market segment across the country.
Average Trading Volume: 4,975
Technical Sentiment Signal: Sell
Current Market Cap: C$103M
Learn more about RET stock on TipRanks’ Stock Analysis page.