Canadian Tire Q1 Profit, Revenues Higher As Consumers "Remain Resilient But Selective"
Retailer Canadian Tire (CTC.TO, CTC-A.TO) on Thursday reported better than expected diluted EPS and revenue in the first quarter as the company noted Canadian consumers "remain resilient but selective".First quarter diluted EPS was $2.02, compared to $0.67, or $2.00 on a normalized continuing operations basis in Q1 2025, said the company. The consensus at FactSet was for $1,81Normalized net income attributable to shareholders in the first quarter was $107 million, compared to $111.4 million in the year-ago quarter.First quarter revenue was near C$3.571 billion, up from $3.46 billion in the corresponding year-ago quarter. The consensus estimates compiled by FactSet for Sales was $3.55 billion.Among highlights, the company cited consolidated revenue growth of 3.3%; retail revenue growth was 2.9% and 5.0% excluding Petroleum, driven by SportChek and CTR. Consolidated Comparable sales were down 1.0%, and up 3.7% on a two-year stack basis.Financial Services receivables (GAAR) increased 3.1% on continued cardholder engagement.On May 13, 2026, the company's board of directors declared dividends of $1.80 per share payable on Sept. 1, 2026, to shareholders of record as of July 31, 2026. It is unchanged from the prior quarter."In Q1, we delivered continued sales growth at SportChek and Mark's and grew retail revenue as we positioned the business for spring demand," said Greg Hicks, President and Chief Executive Officer. "Canadian consumers remain resilient but selective, clearly prioritizing value, but not at the expense of quality products and shopping experiences."