Canadian Tire Retail expects better 2023 margins despite tougher Q4

While Canadian Tire Corp. is forecasting slightly smaller margin rates across the company, the outlook is more positive for its Canadian Tire Retail business, which includes Canadian Tire-bannered dealers. According to TJ Flood, president of Canadian Tire Retail, “we are expecting full year margin rates at CTR to be slightly ahead of last year, and this is despite … what is going to be a tougher Q4 for us in CTR.” Flood was speaking to analysts on a call following the release of the company’s latest results.