Same-store sales up for Canadian Tire

TORONTO ― Canadian Tire Corp. saw same-store sales rise for all banners in Q1. Increases of 1% at Canadian Tire stores and 0.8% at Mark’s were accompanied by a jump of 12.3% at Sport Chek.  Diluted earnings per share were $0.90, up 2.6% from the same time last year. Consolidated retail sales increased $19.5 million or 0.8% in the first quarter including a 9.0% decline in Petroleum retail sales due to lower gas prices and gas volumes.  Excluding Petroleum, consolidated retail sales were up 3.0% over the same period last year.