Canada’s Reitmans sees e-commerce gains but Q1 loss widens to $10 mn
Reitmans (Canada) Limited has reported net revenue of $158.9 million in Q1 FY26, down 4.1 per cent YoY due to harsh winter weather and economic uncertainty. Comparable sales declined 4.5 per cent, with a gross profit margin of 55.7 per cent. The company posted a net loss of $10 million and an adjusted EBITDA loss of $10.6 million. Working capital stood at $134.8 million with no long-term debt.
Reitmans (Canada) Limited has reported net revenue of $158.9 million in Q1 FY26, down 4.1 per cent YoY due to harsh winter weather and economic uncertainty.
Comparable sales declined 4.5 per cent, with a gross profit margin of 55.7 per cent.
The company posted a net loss of $10 million and an adjusted EBITDA loss of $10.6 million.
Working capital stood at $134.8 million with no long-term debt.
