Canada's Canadian Tire Q1 adjusted EPS beats estimates on sportchek and marks growth

Canadian Tire

14/05/2026 11:11

Overview

Canada retail and financial services group's Q1 revenue rose 3.3% yr/yr

Adjusted EPS and adjusted net income for Q1 beat analyst expectations

Company repurchased 335,000 shares for C$60.1 mln under prior buyback plan

Outlook

Canadian Tire expects 2026 operating capital expenditures of C$500 mln to C$550 mln

Result Drivers

SPORTCHEK AND MARKS GROWTH - SportChek comparable sales rose 3.3% and Marks grew 1.2%, driven by strong fanwear, athletic footwear, hard goods, and new-concept stores

CTR SALES DECLINE - CTR comparable sales fell 2.3%, with declines led by Seasonal and Gardening categories, while Fixing categories grew; Western Canada outperformed, with seasonal weakness in Ontario and Quebec

LOYALTY PROGRAM CONTRIBUTION - Growth in active Triangle Rewards members and loyalty partnerships with RBC and WestJet drove loyalty sales ahead of non-loyalty sales

Company press release: ID:nCNWjyFQsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
C$2.02
C$1.82 (8 Analysts)
Q1 EPS
C$2.02
Q1 Adjusted Net Income
Beat
C$129.50 mln
C$95.43 mln (3 Analysts)
Q1 Net Income
C$129.50 mln
Q1 Adjusted Pretax Profit
Beat
C$169.10 mln
C$154.23 mln (3 Analysts)
Q1 Pretax Profit
C$169.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy."

Wall Street's median 12-month price target for Canadian Tire Corporation Ltd is C$193.50, about 6.1% above its May 13 closing price of C$182.39

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)