EarningsQ2 2027 Earnings Report
RTMAF Q2 2027 EPS Results
Actual EPS$0.14
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.18
RTMAF Q2 2027 Revenue Results
Actual Revenue$150.50M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-1.87%
Earnings Announcement Details
QuarterQ2 2027
Date09/17/2026
TimeAfter Close
Conference CallThursday, September 17, 2026
RTMAF Upcoming Earnings
Reitmans (Canada)'s next earnings date is estimated for December 17, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture. The company highlighted a 160-basis-point gross margin improvement, resilient comparable store performance, strong results from renovated flagships, year-to-date profitability growth, disciplined inventory management, and a strong cash position with no long-term debt other than lease liabilities. However, quarterly revenue, comparable sales, adjusted EBITDA, and net earnings declined, while higher SG&A, freight costs, and strategic transformation expenses pressured results. Management remained encouraged by brand performance and long-term strategic progress, but near-term fuel-cost uncertainty remains.Company Guidance
Gross Margin Expansion
Gross profit increased by $1.1 million to $123.9 million, while gross margin improved by 160 basis points to 58.5% of net revenues. The improvement was driven by stronger regular-price selling, a more disciplined approach to promotions, and tighter inventory management.
Resilient Comparable Store Performance
Although net revenues and comparable sales including e-commerce were down year over year, comparable store sales were up slightly. Recently renovated flagship locations continued to show strong momentum.
Reitmans 100th Anniversary Campaign
Reitmans celebrated its 100th anniversary. The 'We've Evolved' campaign generated more than 365 million impressions and delivered the brand's highest ad recall on record. In research, 80% of respondents associated the campaign with a more modern Reitmans and 77% with a younger brand image.
Reitmans Flagship Store Growth
The new concept flagship store at Carrefour Laval performed very well, posting double-digit sales gains compared with the second quarter of last year.
RW&CO. Pricing and Product Strategy
RW&CO. performed well with a more disciplined approach to pricing, assortment, and product strategy. Improved pricing integrity and lower markdown penetration drove stronger margins.
RW&CO. Toronto Eaton Centre Flagship Performance
The 7,000-square-foot Toronto Eaton Centre flagship completed its transformation to the new store concept and achieved double-digit sales growth for the quarter.
Penningtons Momentum and Product Reception
Penningtons built momentum as the quarter progressed, with improved customer responses to product and experience initiatives and continued traction across stores, digital, PR, and social media. The new Activelle by Addition Elle dress collection received strong customer enthusiasm and full-price sell-through.
Year-to-Date Profitability Improvement
For the year to date, adjusted EBITDA was up $2.7 million, or 25%, while net earnings increased by $700,000, or 22.6%, compared with the same period a year ago.
Strong Cash Position and No Long-Term Debt
The company ended the quarter with $149.2 million in working capital and $152.7 million in cash. It continued to carry no long-term debt other than lease liabilities, with no amounts drawn on its bank credit facilities.
Inventory Reduction
Quarter-end inventory totaled $119.7 million, down 5.2% year over year, reflecting the company's disciplined approach to inventory management.
Strategic Investments in Loyalty and Digital
The company continued preliminary work on developing a loyalty program and improving its digital platform, supporting its stated long-term strategic priorities.
Share Repurchases and NCIB Renewal
Under its normal course issuer bid, the company purchased 295,000 Class A nonvoting shares year to date, returning $600,000 to shareholders. The renewed program permits the acquisition of up to 3 million Class A nonvoting shares from August 5, 2026 to August 4, 2027, representing less than 10% of the public float.
National Retail Footprint
At the end of the quarter, the company operated 216 Reitmans stores, 84 RW&CO. locations, and 85 Penningtons stores, alongside its e-commerce platform serving customers across Canada.
RTMAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed