Canadian Tire Q3 revenue beats estimates, announces buyback

Canadian Tire

06/11/2025 11:11

Overview

Canadian Tire Q3 revenue grows 3% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong retail performance

Company announces C$400 mln share repurchase plan and dividend increase

Outlook

Canadian Tire plans to repurchase up to C$400 mln of shares by end of 2026

Company expects 2025 operating capital expenditures between C$525 mln and C$575 mln

Canadian Tire to launch RBC and WestJet loyalty partnerships in 2026

Result Drivers

RETAIL REVENUE GROWTH - Retail revenue grew 3.2%, driven by strong performance in SportChek and CTR, particularly in Ontario and Quebec

LOYALTY PROGRAM IMPACT - Triangle Rewards program contributed to loyalty sales growth, with new partnerships expected to enhance brand scale and sales

TRUE NORTH STRATEGY - Transformative reorganization under True North strategy aimed at improving operating efficiency and value creation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
C$4.11 bln
C$4.09 bln (7 Analysts)
Q3 Adjusted EPS
Beat
C$3.78
C$2.84 (8 Analysts)
Q3 EPS
C$3.78
Q3 Adjusted Net Income
Beat
C$226.50 mln
C$157.15 mln (4 Analysts)
Q3 Net Income
C$191.30 mln
Q3 Adjusted Pretax Profit
Beat
C$297.70 mln
C$237.63 mln (3 Analysts)
Q3 Pretax Profit
C$249.90 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 3 "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$178.00, about 9.4% above its November 5 closing price of C$161.18

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nCNWxkDBDa

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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.)