TORONTO — Canadian Tire reported profits of $254.3 million or $3.99 per diluted share for the fourth quarter, compared to a profit of $275.7 million or $4.10 per diluted share a year earlier. The decrease was attributed to a one-time $50 million charge related to its financial services agreement with Scotiabank: excluding that, the company said earnings totalled $4.78 per diluted share. Analysts polled by Thomson Reuters Eikon forecast on average a profit of $4.69. Total revenues for the quarter rose to $4.13 billion from $3.92 billion in 2017. At the same time, the company announced the upcoming retirement of CFO Dean McCann, which will take effect at the end of this year.
Bank charges bite into Canadian Tire earnings
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