TORONTO — Canadian Tire continued to show strong results with the release today of its third-quarter numbers. Consolidated retail sales increased by 13.1 percent. Excluding the petroleum business, consolidated retail sales were up 19.1 percent over the same period last year. As in the second quarter, Canadian Tire delivered strong same-store sales growth, up almost 19 percent, thanks in large part to its online business.
The company’s Canadian Tire Retail division led the surge, with 25.1 percent comp sales growth. Sales of private-label products were up 28 percent. Online sales have reached $1 billion year to date, a 211 percent increase. Once again, CTR led the way, with 178 percent growth. The company says digital visits across all banners grew by more than 40 percent over the third quarter.