$CTC.A

2 stories mentioning CTC.AUpdated 47d ago

Every FINWIRES story that references CTC.A, newest first.

Research Alert: CFRA Maintains Sell Opinion On Shares Of Canadian Tire Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by CAD10 to CAD150, based on a 2027 P/E of 9.9x, a justified discount to CTC's five-year average forward P/E of 11.4x. We keep our adjusted EPS estimates at CAD14.80 for 2026 and CAD15.20 for 2027. CTC posted Q1 adjusted EPS of CAD2.02 vs. CAD2.00 (+1%), well ahead of the CAD1.81 consensus. The beat was primarily driven by better-than-expected margins, as revenue rose 3.3% to CAD3.57B (CAD30M ahead of consensus) despite a 1.0% drop in same-store sales (350 bps short of consensus). Gross margin expanded 90 bps to 35.4% (50 bps above consensus), reflecting pricing discipline and favorable mix. We maintain our Sell rating despite the better-than-expected quarter, as we believe the release confirmed many of our concerns regarding same-store sales growth and Canadian consumer spending. We continue to view CTC's risk/reward as unfavorable, highlighting the fact Canadian GDP growth of 1.7% in 2025 was the country's weakest since 2020 and viewing margin improvement as temporary.

$CTC.A

Research48d ago

Research Alert: Ctc: Margin Expansion Drives Q1 Beat, But Same-store Sales Well Short

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Canadian Tire Corporation (CTC) posted Q1 adjusted EPS of CAD2.02 vs. CAD2.00 (+1%), well ahead of the CAD1.81 consensus. The beat was due to better-than-expected margins, as revenue rose 3.3% to CAD3.57B (CAD30M ahead of consensus) despite a 1.0% decline in same-store sales (350 bps short of consensus). Gross margin expanded 90 bps to 35.4% (50 bps above consensus), reflecting effective pricing discipline and favorable category mix, although petroleum margins also contributed to the improvement. CTC's 1.0% same-store sales decline reflected the mixed consumer environment, although the two-year stack of +3.7% suggests some underlying resilience. CTC's margin performance indicated strong operational execution despite a challenging environment for consumers, as evidenced by the company's big same-store sales miss. As noted by management, Canadian consumers remain resilient but selective, prioritizing value, but not at the expense of quality products and shopping experiences.

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