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report_quarterly_en_34_01052015102634.pdf

🔗 Source: reitmanscanadalimited.com

📊 Size: 920 KB

📄 Pages: 32 pages

⬇️ Downloads: 32

Summary

Reitmans reported a 4.5% decrease in sales to $238.3 million for the third quarter ended November 1, 2014, due to a net reduction of 52 stores. Same store sales increased 0.2%, with e-commerce sales rising 76.4%. Gross margin was 61.2%, and net earnings were $12.9 million, or $0.20 per share. For the nine months ended November 1, 2014, sales decreased 2.3% to $703.1 million, with same store sales up 0.9% and e-commerce sales increasing 52.3%. Net earnings were $9.0 million, or $0.14 per share. The company plans to close all 107 Smart Set stores over the next 12-18 months, converting 76 to other banners and closing 31. A quarterly cash dividend of $0.05 per share was declared, payable January 29, 2015.

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Description

Reitmans reported a 4.5% decrease in sales to $238.3 million for the third quarter ended November 1, 2014, due to a net reduction of 52 stores.

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File Format: PDF
File Size: 920 KB
Pages: 32
Language: EN
Total Downloads: 32
Last Updated: 2 months ago

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