trending Market Intelligence /marketintelligence/en/news-insights/trending/BQPDfkEBj141w783IdCgzA2 content esgSubNav
In This List

Reitmans (Canada) fiscal Q1 loss widens YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Reitmans (Canada) fiscal Q1 loss widens YOY

Reitmans (Canada) Ltd. said its normalized net income for the fiscal first quarter ended May 3 came to a loss of 15 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss widened year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$9.5 million, compared with a loss of C$1.7 million in the year-earlier period.

The normalized profit margin dropped to negative 4.6% from negative 0.8% in the year-earlier period.

Total revenue decreased on an annual basis to C$206.5 million from C$216.9 million, and total operating expenses came to C$218.6 million, compared with C$220.1 million in the year-earlier period.

Reported net income totaled a loss of C$13.6 million, or a loss of 21 cents per share, compared to a loss of C$2.6 million, or a loss of 4 cents per share, in the prior-year period.