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Reitmans (Canada) Limited (TSE:RET)
:RET
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Earnings Data
Report Date
Apr 10, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2018
|% Change Since: -1.43%
|Next Earnings Date:Sep 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Reitmans Canada Limited. While the company demonstrated strong financial management, resulting in improved gross margins and a robust cash position, there were notable challenges. These included a decrease in revenue and comparable sales, reduced EBITDA, and expressed shareholder concerns regarding governance. Despite positive operational progress and store expansion, these issues led to an overall cautious sentiment.Company Guidance
During Reitmans Canada Limited's Fiscal 2025 Third Quarter Earnings Call, management provided several key metrics and updates. The company reported a 2.9% decrease in net revenues, totaling $187.7 million, attributed to warmer-than-usual weather and a lower store count. Despite the decline in revenues, the gross margin improved by 166 basis points to 57.3%, aided by effective inventory management and reduced promotional activities. The adjusted EBITDA for the quarter was $3.8 million, down from $9.5 million the previous year, largely due to increased selling, general and administrative expenses and foreign exchange losses. Net earnings were $2.1 million or $0.04 per share, compared to $5.3 million or $0.11 per share a year ago. The company maintained a strong financial position with $123.1 million in cash and no debt. Reitmans also repurchased 91,100 shares during the quarter. Capital expenditures for the fiscal year are projected at $31 million, with $20.1 million spent in the first nine months. The company's focus remains on growth and modernization, including opening new stores and upgrading digital infrastructure.Gross Margin Improvement
Achieved a 166 basis point improvement in gross margin compared to a year ago, reaching 57.3% due to strong inventory management and reduced promotional activities.
Strong Financial Position
Ended the quarter with working capital of $172.9 million, a cash position of $123.1 million, and zero debt with an undrawn $150 million revolving credit facility.
Successful Marketing Campaigns
Strong results from ambassadors marketing campaign featuring notable figures, contributing to brand visibility and customer engagement.
Continued Store Expansion
Opened new RW&Co. store in Mirabel and two new PENN stores, expanding the store footprint and supporting growth in various regions.
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TSE:RET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:RET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | C$2.79 | C$2.75 | -1.43% |
| Sep 19, 2024 | C$2.60 | C$2.88 | +10.77% |
| Jun 18, 2024 | C$2.60 | C$2.77 | +6.54% |
| Apr 18, 2024 | C$2.93 | C$2.93 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reitmans (Canada) Limited (TSE:RET) report earnings?
Reitmans (Canada) Limited (TSE:RET) is schdueled to report earning on Apr 10, 2025, TBA Not Confirmed.
What is Reitmans (Canada) Limited (TSE:RET) earnings time?
Reitmans (Canada) Limited (TSE:RET) earnings time is at Apr 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:RET EPS forecast?
Currently, no data Available
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