Canadian Tire Corp Ltd

Latest Results (19.11.2025):

Canadian Tire Corp Ltd’s third quarter 2025 report reveals solid performance driven by a mix of steady sales growth, improved normalized earnings, and strategic capital decisions. The report outlines a 1.8% improvement in consolidated comparable sales, retail revenue growth of 3.2% (5.9% excluding Petroleum), and a 6.5% increase in normalized diluted EPS to $3.78. Alongside these financial results, the company increased its annual dividend for the 16th consecutive year and announced an intention to repurchase up to $400 million of Class A Non-Voting Shares, underscoring confidence in its ongoing transformative strategy.

Sales and Revenue Performance

In Q3 2025, Canadian Tire Corp Ltd reported consolidated comparable sales up by 1.8%, with robust contributions from banners like SportChek, Canadian Tire Retail, and Mark’s. Retail revenue rose by 3.2% overall and 5.9% when excluding Petroleum, driven by strong performance across loyalty and non-loyalty segments and improvements in retail gross margins.

Earnings and Profitability

The company achieved a normalized diluted EPS increase of 6.5% to $3.78 on a continuing operations basis, despite the reported diluted EPS falling 11.8% to $3.13 due to expenses linked with its transformative True North strategy. Normalized operating measures such as IBT remained broadly stable, supporting the underlying profitability narrative.

Dividend and Share Repurchase Strategy

Canadian Tire Corp Ltd continued its tradition of rewarding shareholders with its 16th consecutive annual dividend increase—from $7.10 to $7.20 per share—and reinforced its commitment to capital return through plans to repurchase up to $400 million of Class A Non-Voting Shares by the end of 2026.

Strategic Transformation and Operational Enhancements

The report highlights progress in the company’s True North transformation, which is focused on digital investments, store enhancements, and expanding the Triangle Rewards program. Key initiatives include completing a transformative reorganization, launching strategic partnerships (including a new Tim Hortons collaboration), and advancing omni-channel capabilities to bolster customer loyalty and drive future growth.