Canada's Canadian Tire Q2 revenue meets estimates on SportChek, Mark's growth

Canadian Tire

13/08/2026 11:18

Overview
Canada retail conglomerate's Q2 revenue met analyst expectations, adjusted EPS missed consensus
Adjusted net income and adjusted pretax profit for Q2 beat analyst estimates
Company repurchased C$85.1 mln in shares as part of ongoing buyback program

Outlook
Canadian Tire now expects 2026 operating capital expenditures of C$450 mln to C$500 mln
Company plans to add Tims Rewards as a Triangle Rewards partner in fall 2026
Canadian Tire to roll out new Destination Sport stores and concept stores through 2027

Result Drivers
SPORTCHEK AND MARKS GROWTH - Strong sales at SportChek, driven by World Cup demand, and at Marks, led by industrial footwear and workwear, contributed to overall sales growth
LOYALTY AND ECOMMERCE - Increased use of personalized loyalty offers and 14% eCommerce sales growth supported retail performance
OPERATING DISCIPLINE - Tighter operating discipline, including lower SG&A expenses, helped improve gross margin dollars and profitability

Company press release: ID:nCNWcHDBNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Meet
C$4.30 bln
C$4.30 bln (6 Analysts)
Q2 Adjusted EPS
Miss
C$3.94
C$3.98 (7 Analysts)
Q2 EPS
 
C$3.65
 
Q2 Adjusted Net Income
Beat
C$229.50 mln
C$200.30 mln (3 Analysts)
Q2 Net Income
 
C$214.20 mln
 
Q2 Adjusted Pretax Profit
Beat
C$300.80 mln
C$283.96 mln (5 Analysts)
Q2 Pretax Profit
 
C$280 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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$207.00, about 2% above its August 12 closing price of C$202.93
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 12 - Canada's Metro Q3 roughly in line with estimates, Laval strike to hit Q4 as well
Aug 11 - Canada's Cineplex Q2 revenue rises to record high driven by live FIFA World Cup screenings
Aug 11 - Canada's Pet Valu Q2 revenue slightly beats on higher retail, franchise sales

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(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.)