Canadian Tire Corp Ltd

Latest Results (14.05.2026):

Canadian Tire Corp Ltd (Canadian Tire Corporation, Limited) — Q4 2025 (14 weeks ended January 3, 2026): the quarter capped a year of broad retail strength with consolidated comparable sales up 4.2% and Q4 revenue rising 8.3% to $4,551.1 million. The company reported strong normalized results (Normalized diluted EPS of $4.47, +38.0%) driven by retail performance, while GAAP diluted EPS from continuing operations was $3.96 (down 39.4%) as True North restructuring, impairment and other non‑recurring items reduced reported earnings versus a prior‑year property sale gain. Full‑year normalized diluted EPS was $13.77 (+18.6%) while FY GAAP diluted EPS was $10.57 (down 29.1%).

Quarter at a glance

Consolidated comparable sales +4.2% in Q4. Q4 revenue $4,551.1M (+8.3%). Consolidated normalized income before tax was $349.6M (+32.5%); reported IBT was $318.7M (down vs. Q4 2024). Q4 normalized diluted EPS (continuing operations) $4.47 (+38.0%); Q4 diluted EPS (continuing operations) $3.96 (−39.4%).

Retail performance

Retail sales in Q4 $5,860.7M (+8.9%); excluding Petroleum retail sales +10.2%. Canadian Tire Retail comps +2.7% (Seasonal & Gardening standout); SportChek comps +9.5%; Mark's comps +7.2%. Retail gross margin $1,361.0M (+16.5%); normalized retail gross margin rate (ex‑Petroleum) improved (Q4 normalized rate up to ~35.4%). Retail ROIC was 11.0% (up from 9.8%). Automotive Service reached record annual sales of $1 billion.

Segment & balance‑sheet highlights

Financial Services IBT in Q4 $79.2M with revenue and gross margin improvements. CT REIT diluted AFFO per unit +2.9% in Q4. Full‑year consolidated revenue $16,315.5M (+5.2%); net income from continuing operations $659.0M for FY. Helly Hansen presented as discontinued operations (Q4 discontinued EPS $(0.06)). Year‑end cash & equivalents $553.5M.

True North transformation & one‑time items

True North strategy launched March 2025 — 9.8M active Triangle Rewards members, 52 store projects completed, new AI pricing tool (DaiVID) and partnerships being rolled out. Q4 and FY GAAP results were reduced by restructuring, impairment and transformation costs; however, True North restructuring run‑rate savings ~ $30M were reflected in Q4 operating expense.

Capital allocation & shareholder returns

2025 total capital expenditures $630.5M (operating capex $502.2M); 2026 operating capex guidance $500–$550M. Board declared quarterly dividend $1.80 per share payable June 1, 2026. Share repurchases in 2025: 2,673,292 Class A Non‑Voting shares bought for $442.4M, reducing CTC.A share count materially (about 5% fewer CTC.A shares year‑over‑year).