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report_2011_quarterly_3_en_67_10122015143531.pdf

🔗 Source: reitmanscanadalimited.com

📊 Size: 2.6 MB

📄 Pages: 28 pages

⬇️ Downloads: 47

Summary

Reitmans, Canada's leading specialty retailer, reported a 1.6% increase in sales to $800,793,000 for the nine months ended October 30, 2010, compared to $788,407,000 for the same period in 2009. Same store sales were flat, while operating earnings before depreciation and amortization (EBITDA) increased 24.6% to $151,022,000. Net earnings rose 42.3% to $75,620,000, or $1.12 diluted earnings per share. The company's gross margin increased from 64.0% to 68.1% due to the strengthening of the Canadian dollar against the US dollar. In the third quarter, sales decreased 1.7% to $266,162,000, with same store sales down 3.1%. EBITDA decreased 0.3% to $41,966,000, while net earnings increased 1.9% to $19,274,000, or $0.29 diluted earnings per share. The company opened 9 new stores and closed 7 during the quarter, with a total of 979 stores in operation as of October 30, 2010. A quarterly cash dividend of $0.20 per share was declared, payable on January 27, 2011.

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Description

Reitmans, Canada's leading specialty retailer, reported a 1.6% increase in sales to $800,793,000 for the nine months ended October 30, 2010, compared to...

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File Format: PDF
File Size: 2.6 MB
Pages: 28
Language: EN
Total Downloads: 47
Last Updated: 4 hours ago

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