Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

Canadian Tire Corporation Reports Third Quarter 2025 Results; Announces Annual Dividend Increase for 16th Consecutive Year and Share Repurchase Intention

By The Northwire Desk — AI Analysis Nov 06, 2025 · 06:02 CTC · 242.25 CANADIAN TIRE CORPORATION, LIMITED
CTC · Price

Executive Summary

  • Canadian Tire Corp. reported Q3 2025 consolidated comparable sales up 1.8% and retail revenue growth of 3.2% (5.9% excluding petroleum).
  • Normalized diluted EPS rose 6.5% to C$3.78 (GAAP diluted EPS fell 11.8% to C$3.13 due to transformation costs).
  • The Board increased the annual dividend for the 16th consecutive year to C$7.20 per share and reaffirmed a $400 M share‑repurchase program through end‑2026.

Key Details

  • Financial Highlights
  • Consolidated revenue: C$4,105.8 M (↑3.0% YoY).
  • Consolidated IBT: C$249.9 M (↓C$46.8 M YoY); normalized IBT up C$1.0 M.
  • Diluted EPS: GAAP C$3.13; Normalized C$3.78 (+6.5%).
  • Retail revenue (ex‑Petroleum): C$3,705.8 M (↑3.2% YoY); gross margin rate ex‑Petroleum 35.8% (↑57 bps).

  • Retail IBT: C$144.6 M (down from C$162.2 M YoY); normalized retail IBT up 18.6% to C$192.4 M.

  • Segment Performance

  • Canadian Tire Retail (CTR): Comparable sales +1.2%; retail sales +1.3%. Automotive sales up for the 21st consecutive quarter.
  • SportChek: Comparable sales +4.2% driven by back‑to‑school/hockey demand; retail sales +3.2%.
  • Mark’s: Comparable sales +2.5%; retail sales +3.0%.

  • Financial Services: IBT C$84.4 M (down from C$110.3 M YoY); revenue up 0.6%, gross margin down 2.9% due to higher write‑offs.

  • Loyalty & Partnerships

  • Triangle Rewards membership grew by ~70,000 in Q3, reaching 518,000 total members.

  • New partnership with Tim Hortons announced; RBC and WestJet programs slated for launch in 2026.

  • Store Enhancements & Omni‑Channel

  • 54 store enhancement projects planned for 2025; Q3 completions include new Mark’s BBB stores (Laurier, Vaughan, Cross Iron Mills) and SportChek Destination Sport stores (Windsor, Richmond).

  • New CTR replacement store opened in Kelowna (early Q4).

  • Capital Allocation

  • Total capital expenditures: C$190.6 M (down from C$195.1 M YoY).
  • Operating capex: C$108.6 M (down from C$127.1 M YoY).

  • FY 2025 operating capex guidance: C$525‑575 M; FY 2026 guidance: C$500‑550 M.

  • Dividend & Share Repurchase

  • Annual dividend increased to C$7.20 per share (↑1.4%). Board declared quarterly dividend of C$1.80 payable March 1, 2026.

  • Share repurchase: up to C$400 M authorized through end‑2026; YTD repurchases total 2.2 M shares for C$362.1 M (average cost $164.53).

  • CT REIT

  • Income before tax +23.9% YoY; adjusted funds from operations up 3.9%.

  • New investments in Fort Saskatchewan, AB and Collingwood, ON totaling C$19 M (~50,000 sq ft GLA).

  • Transformation (True North) Update

  • New operating structure implemented at end of Q3 2025; first full‑quarter savings expected in Q4 2025.
  • Ongoing restructuring costs and transformation advisory expenses reflected in GAAP earnings decline.

Notable Quotes

“In a continued dynamic consumer environment, we grew retail sales for a third consecutive quarter… Our confidence is reflected in our continued strategic investments, our dividend increase and our share repurchase program.” – Greg Hicks, President & CEO

Conference call scheduled for 8:00 a.m. ET on November 6, 2025; webcast available at the investor relations website.

Read the original news release →

More from CANADIAN TIRE CORPORATION, LIMITED

May 14, 2026 · 06:02

Q1 2026 Earnings Analysis

Earnings Mar 25, 2026 · 08:30

Canadian Tire Links Loyalty Flywheel With WestJet as True North Strategy Enters Execution Phase

M&A / Property Mar 09, 2026 · 08:45

Canadian Tire Corporation Announces Renewal of Normal Course Issuer Bid

Financings Feb 19, 2026 · 06:02

Canadian Tire Corporation Reports Strong Fourth Quarter and Full-Year 2025 Results and Significant Progress in First Year of True North Transformation Strategy

Earnings Feb 18, 2026 · 11:30

Canadian Tire Corporation expands Microsoft collaboration in building next-generation retail intelligence platform

M&A / Property Jan 13, 2026 · 07:01

RBC and Canadian Tire Corporation launch loyalty partnership, unlocking more rewards and value for millions of Canadians

M&A / Property