Skip to main content

Louie Palu/The Globe and Mail

Women's clothier Reitmans (Canada) Ltd. says its profit was 56.9 per cent higher in the fourth quarter compared with the year earlier, when its results were partly weighed down by a tax-related item.

The Montreal-based company said Monday that its profit was $14.1-million, or 21 cents per share, in the period ended Jan. 30. That's an increase from $9-million, or 13 cents per share, in the comparable period ended Jan. 31, 2009.

Sales grew 2.4 per cent to $268.1-million from $261.8-million, as same-store sales increased 1.5 per cent.

Story continues below advertisement

In the quarter, Reitmans booked $503,000 in future tax losses, lower than the $2.8-million in the same period last year.

Reitmans' quarterly dividend was left unchanged at 18 cents per share.

For the year, profit slipped to $67.2-million, or 98 cents per share, from $85.8-million or $1.21 cents per share in 2008.

At the end of the period, Reitmans had 977 stores operating, compared with 973 at the same time a year earlier.

Shares of Reitmans were up 10 cents to $14.85 on the Toronto Stock Exchange.

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at