Canadian company Reitmans’ net revenue drops 2.9% in Q3 FY25

Reitmans (Canada) Limited (RCL) has reported a 2.9 per cent decrease in net revenues to $187.7 million in the third quarter, due to fewer stores and unseasonably warm weather affecting fall apparel sales.
Despite this, gross profit remained steady, and gross margin improved.
Adjusted EBITDA fell 60 per cent, impacted by higher occupancy costs and performance expenses.

​Reitmans (Canada) Limited (RCL) has reported a 2.9 per cent decrease in net revenues to $187.7 million in the third quarter, due to fewer stores and unseasonably warm weather affecting fall apparel sales.
Despite this, gross profit remained steady, and gross margin improved.
Adjusted EBITDA fell 60 per cent, impacted by higher occupancy costs and performance expenses.