Reitmans reports second-quarter profit of $10.1M, down from $13.1 last year
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
MONTREAL – Reitmans Ltd. reported net earnings of $10.1 million during the second-quarter, down from $13.1 million a year earlier.
That amounted to diluted earnings per share of 20 cents, compared with 26 cents during the prior year quarter.
The Montreal-based retailer says its net revenue came in at $211.8 million, falling about two per cent year-over-year from $215.9 million.
The company attributed the decline to lower transaction volume during the period and reduced clearance activity.
Reitmans says it ended the quarter with $119.7 million of inventory, about five per cent lower than the previous year.
Reitmans operates across Canada and has 385 stores.
This report by The Canadian Press was first published Sept. 17, 2026.
Companies in this story: (TSX: RET.A)