TORONTO — Canadian Tire Corp. reported that same-store sales rose in each of its principal banners: 4.7% at Canadian Tire, 8.6% at FGL Sports, and 5.5% at Mark’s. Profits nevertheless declined by 3% owing to higher taxes and poorer performance in the company’s financial services business, which however posted record first quarter pre-tax income. “The first quarter is always our smallest,” said CEO Michael Medline, “but I am pleased to see continued momentum from all of our businesses.”
Canadian Tire profits slip in Q1
Most Recent
Most Read
Hardlines Conference goes west in 2023
Thu, June 30th, 2022
Spectrum Brands sales team sees transitions
Thu, June 30th, 2022
Napoleon CFO promoted to president
Thu, June 30th, 2022
Quebec hardware stores spared inventory glut
Thu, June 30th, 2022
TIMBER MART welcomes B.C. member
Wed, June 29th, 2022
Experts forecast summer drop in lumber prices
Wed, June 29th, 2022
Inflation, housing prices squeeze renovations
Tue, June 28th, 2022
spoga+gafa attendance rebounds
Tue, June 28th, 2022
Featured Classified: Kidde Canada
Tue, June 28th, 2022
Intertape Polymer cleared to go private
Mon, June 27th, 2022