Canadian Tire reports Q3 profit up from year ago, raises quarterly dividend
Detailed summary
Canadian Tire Corp. Ltd. raised its dividend as it reported its third-quarter profit rose compared with a year ago, helped by broad-based retail sales growth.
TORONTO — Canadian Tire Corp. Ltd. raised its dividend as it reported its third-quarter profit rose compared with a year ago, helped by broad-based retail sales growth.
The company says it will now pay a quarterly dividend of $1.825 per share, up from $1.80 per share.
The increased payment to shareholders came as Canadian Tire says it earned net income attributable to shareholders of $219.6 million or $4.27 per diluted share for its latest quarter, up from $169.1 million or $3.13 per diluted share a year earlier.
On a normalized basis, Canadian Tire says it earned $4.27 per diluted share for its latest quarter, up from a normalized profit of $3.78 per diluted share a year ago.
Revenue totalled $4.32 billion, up from $4.11 billion in the third quarter of 2025.
Overall comparable sales rose 3.2 per cent cent across the company’s banners. Canadian Tire comparable sales increased 3.2 per cent, while SportChek saw a gain of 3.2 per cent. Mark’s reported 3.3 per cent in comparable sales growth.
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