TORONTO ― Canadian Tire reported healthy gains in its first quarter, including an increase in sales by its Canadian Tire Retail segment (which includes Canadian Tire-bannered stores) of 2.0%. That business’s same-store sales were up 0.5% compared to the prior-year quarter. Overall consolidated retail sales for Canadian Tire Corp. were up by $95.0 million, or 3.8%. Excluding Petroleum, consolidated retail sales were up 1.4%. Consolidated revenue increased $194.1 million, or 7.6%, which includes a $62.4 million increase in petroleum revenue thanks to higher gas prices. Canadian Tire’s Retail segment enjoyed a revenue increase of 8.5% in the first quarter. Excluding Petroleum, it was up 6.8%.
