Canadian Tire Corp Ltd
CTC
ISIN null / Valor 682670
Canadian Tire Corp Ltd
UMushroom community rating:
About company
Canadian Tire Corporation Ltd. is a prominent Canadian retail company that operates a diverse range of businesses, including Canadian Tire, Mark’s, and SportChek. The company is known for its extensive retail offerings, which encompass automotive, hardware, sports, leisure, and home products. Canadian Tire has established itself as a key player in the Canadian retail market by focusing on a customer-centric approach and leveraging both physical and eCommerce platforms to enhance its market presence. The company has been actively working on integrating its operations across various banners to achieve centralized processes and cross-banner efficiencies. Additionally, Canadian Tire has expanded its portfolio through strategic acquisitions, such as the integration of Party City’s Canadian business. The company also places a strong emphasis on technology and digital transformation, ensuring robust cybersecurity measures and the implementation of advanced data analytics and artificial intelligence to support its operations. With a history dating back to 1922, Canadian Tire continues to be a significant contributor to the Canadian retail landscape.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (18.09.2025):
Canadian Tire Corp Ltd reported its third quarter financial results for the period ended September 30, 2023, showcasing resilience amidst declining consumer spending. While consolidated comparable sales experienced a slight decrease, the company improved its retail gross margins and announced strategic initiatives to enhance shareholder value.
Consolidated Comparable Sales Decline
In Q3 2023, Canadian Tire's consolidated comparable sales were down 1.6%, driven by ongoing shifts in consumer spending towards essential items, particularly in Ontario and British Columbia.
Enhanced Retail Gross Margins
The retail gross margin rate increased as higher margins on Canadian Tire Retail products successfully offset the promotional intensity at other banners, indicating effective margin management.
Earnings Per Share Performance
Normalized diluted Earnings Per Share (EPS) stood at $2.96, while diluted EPS was reported at $(1.19) for the third quarter of 2023, reflecting a decrease attributed to lower Retail and Financial Services income before income taxes.
Dividend Increase and Share Repurchase Plans
Canadian Tire raised its annualized dividend from $6.90 to $7.00 per share and announced an intention to repurchase up to an additional $200 million of Class A Non-Voting Shares in 2024, reinforcing its commitment to returning value to shareholders.
Segment Performance Highlights
Canadian Tire Retail saw a slight decline in comparable sales by 0.6%, with essential categories like Automotive up by 4%. SportChek experienced a 7.4% drop in comparable sales, while Mark's achieved a marginal increase of 0.2%.
Strategic Initiatives and Efficiency Measures
In response to a challenging economic environment, Canadian Tire is accelerating efficiency initiatives, prioritizing investments within its Better Connected strategy, and actively managing resource allocation to sustain growth and profitability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
609 M
Market cap (USD)
593
Daily traded volume (Shares)
197.55 / 197.55
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Alexander Maliuk
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