Canadian Tire Corp. has reported a strong first quarter of 2025. Revenue was $3.46 billion, up by 3.7 percent from a year earlier.
Retail sales were $3.42 billion, up 5.1 percent from the same quarter in 2024. Retail sales excluding petroleum were up 4.9 percent and comp store sales were up 4.7 percent. Net income for the quarter was $47.0 million, for continuing operations, down from $79.1 million in the same period of 2024.
The reason for the continuing operations note was that Canadian Tire had previously sold its Helly Hansen banner to Kontoor Brands, a transaction which is expected to close in the second quarter of 2025.
