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Recent Articles

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Canadian Tire's Q3 net income attributable to shareholders falls to C$184.9M from C$243.7M; consolidated retail sales up 2.8%, Triangle Loyalty member sales outpaced retail sales, driven by increase in active members and spend per member

Canadian Tire's Q1 net income attributable to shareholders up to C$182.1M from C$151.8M last year, with revenue up 15.5% to C$3.84B from C$3.32B; Canadian Tire comp sales up 4.5%, driven by auto, hockey, winter, while Mark's up 17.1%, SportChek up 10.2%

Scotia Capital maintains Canadian Tire at sector outperform and raises target C$3 to C$273, noting its pipeline of innovation, loyalty program, marketing platforms; investor event underscores its journey over last few years to strengthen digital platform

BMO maintains Canadian Tire at market perform and cuts target by C$19 to C$187, noting it's shown to be one of the most progressive Canadian retailers in adopting digital/omnichannel strategies, but it also has higher level of capex spend out to 2025

Canadian Tire to invest US$2.66B over next four years; funds will be used to boost online business, expand rewards program, rollout premium annual membership across stores nationwide, as well as introduce over 12,000 new own-brand products by 2025

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