tiprankstipranks
Reitmans Reports Stable Q1, Eyes Share Buyback
Company Announcements

Reitmans Reports Stable Q1, Eyes Share Buyback

Reitmans (Canada) Limited (TSE:RET) has released an update.

Don't Miss our Black Friday Offers:

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.

For further insights into TSE:RET stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskReitmans Appoints Caroline Goulian as CFO
TipRanks Canadian Auto-Generated NewsdeskReitmans Reports Significant Growth in Q2 2025
TipRanks Canadian Auto-Generated NewsdeskReitmans Appoints New CPO to Enhance Leadership
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App