MONTREAL – Reitmans Ltd. reported net earnings of $10.1 million during the second-quarter, down from $13.1 million a year earlier.
That amounted to diluted earnings per share of 20 cents, compared with 26 cents during the prior year quarter.
The Montreal-based retailer says its net revenue came in at $211.8 million, falling about two per cent year-over-year from $215.9 million.
The company attributed the decline to lower transaction volume during the period and reduced clearance activity.
Reitmans says it ended the quarter with $119.7 million of inventory, about five per cent lower than the previous year.
Reitmans operates across Canada and has 385 stores.
This report by The Canadian Press was first published Sept. 17, 2026.
Companies in this story: (TSX: RET.A)
