Reitmans (Canada) Limited reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was CAD 193.41 million compared to CAD 206.21 million a year ago. Net income was CAD 5.28 million compared to CAD 14.61 million a year ago. Basic earnings per share from continuing operations was CAD 0.11 compared to CAD 0.3 a year ago. Diluted earnings per share from continuing operations was CAD 0.11 compared to CAD 0.3 a year ago.
For the nine months, sales was CAD 573.7 million compared to CAD 590.38 million a year ago. Net income was CAD 14.83 million compared to CAD 50.21 million a year ago. Basic earnings per share from continuing operations was CAD 0.3 compared to CAD 1.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.3 compared to CAD 1.03 a year ago.