TORONTO — Canadian Tire Corp. saw its first-quarter sales drop by 2.7 percent overall. Sales by CTC fell to $2.78 billion, from $2.83 in Q1 2019; revenue fell 1.6 percent to $2.85 billion. However, sales through Canadian Tire stores were up 2.2 percent. CTR’s comp sales for the period were up 0.7 percent, in spite of the impact of the COVID-19 crisis. In fact, an upside of the current situation was a spike in online sales for Canadian Tire dealers of almost 80 percent.
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