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Canadian Tire Corporation Announces Exceptional First Quarter Results
Canadian Tire Corporation Announces Exceptional First Quarter Results Canada Ne...
About this update from Canadian Tire Corporation, Limited
[{"type":"text","content":"\n \n \n \n Canadian Tire Corporation Announces Exceptional First Quarter Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Diluted Earnings Per Share (EPS) was\n \n $2.47\n \n ; normalized diluted EPS grew\n \n $2.70\n \n compared to the first quarter of 2020\n \n \n Retail segment normalized income before income taxes increased by over\n \n $200 million\n \n \n \n Consolidated comparable sales grew a record 19.3% with all retail banners up between 18% and 22%\n \n \n eCommerce sales across all retail banners up 257%, to\n \n $450 million\n \n \n \n \n \n TORONTO\n \n ,\n \n May 13, 2021\n \n /CNW/ - Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) today released its first quarter results for the period ended\n \n April 3, 2021\n \n .\n \n \n \n \n \n \n \n \n \n \"I am pleased with the sustained momentum of all of our businesses and with our unprecedented results in the first quarter, given significant store network restrictions. Our unique, multi-category assortment across all banners has been integral in meeting the demand for products in backyard living, outdoor activities, home projects and industrial workwear. The continued growth in our digital capabilities was a key enabler of customers shopping us their way,\" said\n \n Greg Hicks\n \n , President and CEO, Canadian Tire Corporation. \"Triangle Rewards also saw gains in the quarter with the addition of over 400,000 new members, and active members' average spend increasing 15%.\"\n \n \n \"Thank you to our Distribution Centre and Contact Centre teams, along with our store staff, Associate Dealers, and corporate employees, who continue to support each other, our customers and our communities,\" continued Hicks.\n \n \n \n FIRST QUARTER HIGHLIGHTS\n \n \n \n \n \n Outstanding omni-channel performance drove CTC's impressive comparable sales growth of 19.3% in the quarter\n \n \n \n \n Comparable sales at CTR grew 19.2%, driven by double digit growth in over 60% of product categories\n \n \n Mark's delivered exceptional comparable sales growth of...