MONTREAL – Reitmans Ltd. reported a net loss of $6.3 million for the first quarter, compared with a net loss of $10 million during the same period a year earlier.
That amounted to a diluted loss per share of 13 cents, compared with 20 cents during the prior year quarter.
The Montreal-based retailer says its net revenue reached $160.1 million during the period ended May 2, rising year-over-year from $158.9 million.
The company says it has seven fewer stores at the end of the first quarter than compared with the previous year.
Reitmans says its selling, general and administrative expenses came in at $96.9 million, down from $99.1 million during the same period last year.
Andrea Limbardi, Reitmans’ CEO, says consumers are facing tough economic conditions.
“The difficult economic reality is impacting everyday Canadians,” she said. “We hear it from our customers every day,” she said.
This report by The Canadian Press was first published June 16, 2026.
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