Reitmans (Canada) Limited reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was CAD 213.25 million compared to CAD 229.22 million a year ago. Net income was CAD 13.39 million compared to CAD 37.32 million a year ago. Basic earnings per share from continuing operations was CAD 0.27 compared to CAD 0.76 a year ago. Diluted earnings per share from continuing operations was CAD 0.27 compared to CAD 0.76 a year ago.
For the six months, sales was CAD 378.26 million compared to CAD 383.08 million a year ago. Net income was CAD 9.55 million compared to CAD 35.6 million a year ago. Basic earnings per share from continuing operations was CAD 0.2 compared to CAD 0.73 a year ago. Diluted earnings per share from continuing operations was CAD 0.19 compared to CAD 0.73 a year ago.