Announcement • May 04
Reitmans (Canada) Limited, Annual General Meeting, Jun 17, 2026 Reitmans (Canada) Limited, Annual General Meeting, Jun 17, 2026. Reported Earnings • Apr 10
Full year 2026 earnings released: CA$0.02 loss per share (vs CA$0.25 profit in FY 2025) Full year 2026 results: CA$0.02 loss per share (down from CA$0.25 profit in FY 2025). Revenue: CA$776.8m (flat on FY 2025). Net loss: CA$916.0k (down 108% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Feb 20
Reitmans (Canada) Limited Announces Board Leadership Transition Reitmans (Canada) Limited announced a planned transition in its Board leadership. After having served as Executive Chairman since September 2023, Stephen Reitman will retire from the role effective March 6, 2026, and will continue to serve on the RCL Board of Directors as Chairman Emeritus and Board Director. The Board has appointed independent director, Samuel Minzberg, to serve as Chairman of the Board, effective March 7, 2026.Mr. Reitman joined RCL more than 50 years ago and has played a pivotal role in the organization's growth and long-term success. As Executive Chairman, he worked closely with management and the Board to support RCL through its period of strategic renewal and leadership transition with Andrea Limbardi's appointment to President and CEO in September 2023. This transition reflects RCL's longstanding commitment to thoughtful succession planning, strong governance, and leadership continuity. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Martin Thibodeau was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 19
Third quarter 2026 earnings released: EPS: CA$0.02 (vs CA$0.042 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.02 (down from CA$0.042 in 3Q 2025). Revenue: CA$194.9m (up 3.9% from 3Q 2025). Net income: CA$864.0k (down 58% from 3Q 2025). Profit margin: 0.4% (down from 1.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Oct 17
Reitmans (Canada) Limited Announces Departure of Jackie Tardif as Chief Operating Officer, Effective December 1, 2025 Reitmans (Canada) Limited announced that Jackie Tardif will depart the Company after 31 years of service, following the elimination of the Chief Operating Officer role. Ms. Tardif's departure will take effect on December 1, 2025. New Risk • Sep 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 139% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (CA$103.8m market cap, or US$75.1m). Reported Earnings • Sep 19
Second quarter 2026 earnings released: EPS: CA$0.26 (vs CA$0.32 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.26 (down from CA$0.32 in 2Q 2025). Revenue: CA$215.9m (flat on 2Q 2025). Net income: CA$13.1m (down 16% from 2Q 2025). Profit margin: 6.1% (down from 7.3% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. New Risk • Jun 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (CA$119.6m market cap, or US$87.4m). Reported Earnings • Jun 18
First quarter 2026 earnings released: CA$0.20 loss per share (vs CA$0.03 loss in 1Q 2025) First quarter 2026 results: CA$0.20 loss per share (further deteriorated from CA$0.03 loss in 1Q 2025). Revenue: CA$158.9m (down 4.1% from 1Q 2025). Net loss: CA$10.0m (loss widened CA$8.54m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • May 28
Reitmans (Canada) Limited to Report Q1, 2026 Results on Jun 17, 2025 Reitmans (Canada) Limited announced that they will report Q1, 2026 results After-Market on Jun 17, 2025 Announcement • Apr 21
Reitmans (Canada) Limited, Annual General Meeting, Jun 18, 2025 Reitmans (Canada) Limited, Annual General Meeting, Jun 18, 2025. Location: quebec, montreal Canada Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CA$0.25 (vs CA$0.30 in FY 2024) Full year 2025 results: EPS: CA$0.25 (down from CA$0.30 in FY 2024). Revenue: CA$773.8m (down 2.6% from FY 2024). Net income: CA$12.1m (down 18% from FY 2024). Profit margin: 1.6% (down from 1.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jan 19
Executive Vice President recently sold CA$97k worth of stock On the 16th of January, Richard Wait sold around 39k shares on-market at roughly CA$2.52 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$529k more than they bought in the last 12 months. Announcement • Jan 15
Reitmans (Canada) Limited Announces the Retirement of Gale Blank as Chief Information Officer, Set for September 2025 Reitmans (Canada) Limited announced the retirement of Gale Blank, RCL's Chief Information Officer. Ms. Blank's retirement is set for September 2025 after more than five years with the Company. The Company has begun a talent search for a successor. Recent Insider Transactions • Jan 09
Executive Vice President recently sold CA$55k worth of stock On the 7th of January, Richard Wait sold around 22k shares on-market at roughly CA$2.51 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$65k. Insiders have been net sellers, collectively disposing of CA$432k more than they bought in the last 12 months. Reported Earnings • Dec 20
Third quarter 2025 earnings released: EPS: CA$0.04 (vs CA$0.11 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.04 (down from CA$0.11 in 3Q 2024). Revenue: CA$187.7m (down 3.0% from 3Q 2024). Net income: CA$2.07m (down 61% from 3Q 2024). Profit margin: 1.1% (down from 2.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 05
Executive VP & CFO recently sold CA$65k worth of stock On the 1st of November, Richard Wait sold around 25k shares on-market at roughly CA$2.66 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$100k. Richard has been a net seller over the last 12 months, reducing personal holdings by CA$333k. Recent Insider Transactions • Sep 30
Executive VP & CFO recently sold CA$100k worth of stock On the 27th of September, Richard Wait sold around 40k shares on-market at roughly CA$2.50 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$115k. Richard has been a net seller over the last 12 months, reducing personal holdings by CA$215k. Reported Earnings • Sep 20
Second quarter 2025 earnings released: EPS: CA$0.32 (vs CA$0.27 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.32 (up from CA$0.27 in 2Q 2024). Revenue: CA$215.6m (flat on 2Q 2024). Net income: CA$15.7m (up 18% from 2Q 2024). Profit margin: 7.3% (up from 6.2% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. President, CEO & Director Andrea Limbardi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 31
Reitmans (Canada) Limited Appoints Isabelle Leclerc as Chief People Officer, Effective August 26, 2024 Reitmans (Canada) Limited announced the appointment of Isabelle Leclerc as the company's Chief People Officer (CPO), effective August 26, 2024. As CPO, Ms. Leclerc will be a member of the RCL Executive Team, reporting to President & CEO Andrea Limbardi. She will be responsible for the company's Human Resources and Corporate Communications functions including providing leadership on all people and talent-related matters, external and internal corporate communications, and the people and communications strategic direction. Ms. Leclerc brings 25 years of strategic leadership in human resources, governance, communications, and ESG. Her executive experience spans different industries and business models, including roles as Head of Human Resources at Quebecor and Sollio Cooperative Group, where she led transformative and collaborative initiatives to enhance organizational culture, performance, profitability, and sustainability. Recent Insider Transactions • Jul 24
Executive VP & CFO recently sold CA$115k worth of stock On the 23rd of July, Richard Wait sold around 50k shares on-market at roughly CA$2.31 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Richard has been a net seller over the last 12 months, reducing personal holdings by CA$147k. Reported Earnings • Jun 19
First quarter 2025 earnings released: CA$0.03 loss per share (vs CA$0.079 loss in 1Q 2024) First quarter 2025 results: CA$0.03 loss per share (improved from CA$0.079 loss in 1Q 2024). Revenue: CA$165.7m (flat on 1Q 2024). Net loss: CA$1.48m (loss narrowed 62% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 20
Reitmans (Canada) Limited, Annual General Meeting, Jun 19, 2024 Reitmans (Canada) Limited, Annual General Meeting, Jun 19, 2024. Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CA$0.30 (vs CA$1.59 in FY 2023) Full year 2024 results: EPS: CA$0.30 (down from CA$1.59 in FY 2023). Revenue: CA$794.7m (flat on FY 2023). Net income: CA$14.8m (down 81% from FY 2023). Profit margin: 1.9% (down from 9.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 05
Reitmans (Canada) Limited Announces Leadership Changes Reitmans (Canada) Limited announced that Jackie Tardif has been appointed to Chief Operating Officer "COO" reporting to RCL President and Chief Executive Officer, Andrea Limbardi. Michael Strachan, President RW&CO. and PENN., will leave the organization on February 17, 2024. Ms. Tardif, previously President of the Reitmans Division and a 29-year veteran of RCL, will oversee the merchandising, marketing, planning & allocation, and store & e-commerce operations of the Reitmans, RW&CO., and PENN. brands. Reported Earnings • Dec 16
Third quarter 2024 earnings released: EPS: CA$0.11 (vs CA$0.30 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.11 (down from CA$0.30 in 3Q 2023). Revenue: CA$193.4m (down 5.9% from 3Q 2023). Net income: CA$5.28m (down 64% from 3Q 2023). Profit margin: 2.7% (down from 7.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$2.92, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 15x in the Specialty Retail industry in Canada. Total returns to shareholders of 1,288% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$2.42, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 12x in the Specialty Retail industry in Canada. Total returns to shareholders of 2,320% over the past three years. Reported Earnings • Sep 15
Second quarter 2024 earnings released: EPS: CA$0.27 (vs CA$0.76 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.27 (down from CA$0.76 in 2Q 2023). Revenue: CA$213.2m (down 7.0% from 2Q 2023). Net income: CA$13.4m (down 64% from 2Q 2023). Profit margin: 6.3% (down from 16% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 208% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 28
President of Reitmans Brand recently sold CA$68k worth of stock On the 24th of July, Jacqueline Tardif sold around 22k shares on-market at roughly CA$3.10 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$181k. Insiders have been net sellers, collectively disposing of CA$612k more than they bought in the last 12 months. Recent Insider Transactions • Jul 14
President of Penningtons and RW & CO recently sold CA$78k worth of stock On the 11th of July, Michael Strachan sold around 26k shares on-market at roughly CA$2.95 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$181k. Insiders have been net sellers, collectively disposing of CA$481k more than they bought in the last 12 months. Recent Insider Transactions • Jul 07
President of Reitmans Brand recently sold CA$61k worth of stock On the 4th of July, Jacqueline Tardif sold around 20k shares on-market at roughly CA$3.05 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$181k. Insiders have been net sellers, collectively disposing of CA$363k more than they bought in the last 12 months. Recent Insider Transactions • Jun 30
President of Reitmans Brand recently sold CA$181k worth of stock On the 26th of June, Jacqueline Tardif sold around 61k shares on-market at roughly CA$2.99 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$218k more than they bought in the last 12 months. Reported Earnings • Jun 16
First quarter 2024 earnings released: CA$0.08 loss per share (vs CA$0.035 loss in 1Q 2023) First quarter 2024 results: CA$0.08 loss per share (further deteriorated from CA$0.035 loss in 1Q 2023). Revenue: CA$165.0m (up 7.3% from 1Q 2023). Net loss: CA$3.84m (loss widened 124% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has increased by 242% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CA$1.59 (vs CA$2.93 in FY 2022) Full year 2023 results: EPS: CA$1.59 (down from CA$2.93 in FY 2022). Revenue: CA$800.6m (up 21% from FY 2022). Net income: CA$77.7m (down 46% from FY 2022). Profit margin: 9.7% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year whereas the company’s share price has increased by 100% per year. Reported Earnings • Dec 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CA$205.6m (up 15% from 3Q 2022). Net income: CA$14.6m (down 34% from 3Q 2022). Profit margin: 7.1% (down from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Reitmans (Canada) Limited to Report Q4, 2023 Results on Apr 13, 2023 Reitmans (Canada) Limited announced that they will report Q4, 2023 results on Apr 13, 2023 Reported Earnings • Sep 23
Second quarter 2023 earnings released: EPS: CA$0.76 (vs CA$0.49 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.76 (up from CA$0.49 in 2Q 2022). Revenue: CA$229.2m (up 33% from 2Q 2022). Net income: CA$37.3m (up 56% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.