Canadian Tire’s soft Q1 reflects “challenging consumer demand environment”

At Canadian Tire Corp., revenue was $3.52 billion, down 4.9 percent from $3.71 billion in the same period last year. Comparable sales for the whole company were down 1.6 percent, while comps at Canadian Tire Retail stores were down only 0.6 percent. Essential categories at CTR were up two percent, led by automotive. Discretionary categories were down overall but seasonal and gardening categories grew.