Canadian Tire posts Q4 gains

TORONTO — Canadian Tire Corp. saw sales rise across its banners in the fourth quarter. Same-store sales at Canadian Tire rose 8.1%, while those at Mark’s were up 10.6% and FGL Sports by 5.1% (including 4.9% at Sport Chek stores alone). Diluted EPS for the quarter was $3.46, up 15.1%, while total annual revenue of $12.7 billion represented an increase of 3.3% from 2015, or 4.8% excluding petroleum. Consolidated revenue for the quarter increased $260.8 million, or 7.7%, which includes a $25.1 million increase in petroleum revenue resulting from higher gas prices. Excluding petroleum, consolidated revenue increased 7.9%.