ORONTO , Aug. 7, 2025 /CNW/ – Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (CTC or the Company) today announced results for its second quarter ended June 28, 2025 .
- Consolidated comparable sales 1 growth was 5.6%, led by Canadian Tire Retail (CTR) up 6.4%.
- Retail Revenue up 5.3% and up 9.0% excluding Petroleum 1 .
- Diluted Earnings Per Share (EPS) was $2.04 , including a discontinued operations loss of $1.03 ; Q2 Normalized Diluted Earnings Per Share 1 from Continuing Operations was $3.57 .
“In Q2, Canadians came to us for the great seasonal products and value they were seeking, driving strong sales and revenue growth. In a dynamic consumer environment, customers continued to turn to us for the items they need for life in Canada ,” said Greg Hicks , President and CEO, Canadian Tire Corporation.
“Our True North strategy is underway and moving at pace. Since March, we have rolled out new store concepts, invested in transformative technology, expanded Triangle Rewards loyalty partnerships, and secured the considerable privilege of stewarding HBC’s great Canadian brands forward. Our team is committed to our Canadian prosperity, and I celebrate their efforts.”
SECOND-QUARTER HIGHLIGHTS
- Consolidated comparable sales were up 5.6%, with growth in all banners and provinces led by CTR in Western Canada .
- CTR comparable sales 1 were up 6.4% in the Company’s most discretionary quarter, with strong growth across CTR’s four largest divisions. Being ready for spring/summer drove growth of more than 8% in Seasonal and Gardening. Automotive grew for the 20th consecutive quarter.
- SportChek delivered its fourth consecutive quarter of comparable sales 1 growth, up 3.9%, driven by sales of footwear and hardgoods categories, such as golf.
- Mark’s comparable sales 1 were up 1.0%. Industrial footwear and workwear categories grew, partially offset by softer casualwear and outerwear sales.
- Loyalty sales outpaced non-loyalty sales growth in the quarter; both saw strong growth as Canadians made more trips to CTC banners.
- Retail Revenue was up 5.3% or 9.0% excluding Petroleum, as the business responded to sales growth.
- Diluted EPS was $2.04 , down $1.52 mainly due to the $1.03 loss on discontinued operations for results up to the May 31 st completion of the Helly Hansen sale and expenses related to the Company’s True North transformation.
- Normalized for the True North expenses, Diluted EPS (Continuing Operations) was $3.57 , down $0.15 . Normalized IBT 1 was down $10.9 million to $296.0 million . Growth in normalized retail IBT of $17.6 million was more than offset by lower income from other segments, including lower Financial Services IBT due to investments in the business.
- Retail Return on Invested Capital (ROIC), 1 calculated on a trailing twelve-month basis, was 10.3%, compared to 9.0% at the end of Q2 2024. This was driven by increased earnings and lower invested capital.
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