TORONTO ― Canadian Tire Corp. saw same-store sales rise for all banners in Q1. Increases of 1% at Canadian Tire stores and 0.8% at Mark’s were accompanied by a jump of 12.3% at Sport Chek. Diluted earnings per share were $0.90, up 2.6% from the same time last year. Consolidated retail sales increased $19.5 million or 0.8% in the first quarter including a 9.0% decline in Petroleum retail sales due to lower gas prices and gas volumes. Excluding Petroleum, consolidated retail sales were up 3.0% over the same period last year.
Same-store sales up for Canadian Tire
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