Canadian Tire sales, profits rise in 2021

Canadian Tire posted Q4 revenues of $5.1 billion, up 5.4 percent from $4.9 billion a year earlier. Net income rose to $535.7 million, or $8.40 per share, from $521.8 million ($8.04) in the comparable period of 2020. Comp sales at flagship Canadian Tire stores rose by 9.8 percent. For the full year, sales rose 9.6 percent to $16.3 billion. Earnings rose to $1.3 billion ($18.56 per share) from $862.6 million ($12.35) the previous year.