Canadian Tire Q3 adjusted EPS beats estimates; raises dividend
Canadian Tire reported Q3 adjusted EPS of C$4.27, above the C$3.80 analyst estimate, and raised its annual dividend to C$7.30 per share, its 17th consecutive yearly increase.
Canadian Tire reported Q3 adjusted EPS of C$4.27, above the C$3.80 analyst estimate, and raised its annual dividend to C$7.30 per share, its 17th consecutive yearly increase.
Q3 adjusted net income was C$246.40 million, beating the C$198.15 million analyst estimate, while income before income taxes was C$319.40 million, above the C$295.70 million estimate. Comparable retail sales rose 3.2%, eCommerce sales increased 15.3% and loyalty sales rose 6.3%.
Canadian Tire expects 2026 full-year operating capital expenditures of C$450 million to C$500 million. It maintained its target of C$2 billion in total operating capital investment for 2025-2028.
