Reitmans sees sales rise, earnings decline in fourth quarter and fiscal year

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President and CEO said he\u0027s proud of the team\u0027s performance in fiscal 2023 after exiting from creditor protection in January 2022.

The Montreal-based retailer says sales for the fourth quarter of fiscal 2023 increased by 11.4 per cent to $211.9 million, while sales for the full year rose 20.9 per cent to $800.6 million.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Reitmans attributed the decrease in earnings to a variety of factors including an increase in operating and financing costs and several one-time boosts in fiscal 2022. President and CEO Stephen F. Reitman said he’s proud of the team’s performance in fiscal 2023 after exiting from creditor protection in January 2022.Share this article in your social network

 

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