Reitmans Fiscal Second-Quarter Net Earnings Fall YoY

05:18 PM EDT, 09/17/2026 (MT Newswires) -- Reitmans (RET.V) said Thursday after trade its fiscal second-quarter net earnings fell 23% to CA$0.20, from CA$0.26, in the prior year period. Net revenue for the clothing company edged down 1.9% to CA$211.8 million, in the quarter ended Aug.1, a statement said. "Our second quarter reflected deliberate, strategic execution across our brands," said Chief Executive Andrea Limbardi. "While net revenues were modestly below last year, we meaningfully improved gross margin through stronger regular-price selling, a more disciplined promotional strategy and tighter inventory management. Reitmans shares closed up CA$0.01, to CA$2.22, on the TSX Venture Exchange.