Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 773.80M | 794.69M | 661.95M | 533.36M | 869.50M |
Gross Profit | 435.04M | 431.00M | 353.17M | 246.25M | 444.39M |
EBITDA | 78.44M | 76.22M | 94.70M | 194.46M | -41.58M |
Net Income | 12.14M | 14.81M | 158.26M | -172.22M | -87.43M |
Balance Sheet | |||||
Total Assets | 574.09M | 490.75M | 314.27M | 397.23M | 560.17M |
Cash, Cash Equivalents and Short-Term Investments | 158.12M | 116.65M | 25.50M | 77.92M | 89.41M |
Total Debt | 155.40M | 137.59M | 81.94M | 123.22M | 213.87M |
Total Liabilities | 277.66M | 211.73M | 130.45M | 375.55M | 366.35M |
Stockholders Equity | 296.43M | 279.02M | 183.83M | 21.68M | 193.82M |
Cash Flow | |||||
Free Cash Flow | 73.06M | 51.83M | -35.38M | 34.03M | 53.70M |
Operating Cash Flow | 104.26M | 69.53M | -24.73M | 40.20M | 77.18M |
Investing Cash Flow | -31.19M | -17.70M | -15.22M | -6.16M | 17.95M |
Financing Cash Flow | -40.03M | -39.90M | -9.19M | -46.82M | -121.78M |
Reitmans (Canada) Limited announced the election of its board of directors during the Annual General Meeting of Shareholders in Laval, Québec. All director nominees listed in the Management Proxy Circular were elected, indicating strong shareholder support. This election is significant for the company’s governance as it continues to maintain its position as a prominent apparel retailer in the Canadian market.
Reitmans (Canada) Limited reported a challenging first quarter for 2025, with a 4.1% decrease in net revenues to $158.9 million, primarily due to severe winter weather and economic uncertainty impacting in-store traffic. Despite growth in e-commerce sales, the company faced a net loss of $10 million, attributed to lower gross profits and increased operational costs. In response, Reitmans is implementing a five-year strategic plan to drive long-term growth, which includes optimizing its store fleet and advancing its digital strategy with new e-commerce storefronts and a migration to Shopify. The company also plans to renew its normal course issuer bid to repurchase shares, reflecting ongoing efforts to strengthen its market position.
Reitmans (Canada) Limited has appointed Martin Thibodeau, a seasoned technology executive with over three decades of experience in IT within the retail industry, to its Board of Directors. This strategic addition aims to bolster the company’s technological capabilities and support its multi-year strategy for future growth, reflecting a commitment to modernization and strengthening its position in the apparel retail market.
Reitmans (Canada) Limited has appointed Martin Thibodeau, a seasoned technology executive, to its Board of Directors. Thibodeau’s extensive experience in IT and fashion retail is expected to support the company’s strategic business objectives and modernization efforts, as it continues to implement its multi-year strategy for future growth.