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Canadian Tire Corporation Announces Strong Second Quarter Results
Canadian Tire Corporation Announces Strong Second Quarter Results Canada NewsWi...
About this update from Canadian Tire Corporation, Limited
[{"type":"text","content":"\n \n \n \n Canadian Tire Corporation Announces Strong Second 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 Diluted Earnings Per Share (EPS) was\n \n $3.64\n \n ; normalized diluted EPS grew\n \n $3.97\n \n \n \n Fourth consecutive quarter of exceptional Retail segment earnings, with normalized retail income before taxes up\n \n $275.3 million\n \n \n \n Consolidated revenue (excluding Petroleum) increased 20.4%, with Mark's and SportChek leading the growth and Canadian Tire (CTR) up 15.7%\n \n \n eCommerce sales grew 34% to\n \n $856.7 million\n \n in the quarter, and surpassed\n \n $2.1 billion\n \n on a rolling 12-month basis\n \n \n \n \n TORONTO\n \n ,\n \n Aug. 12, 2021\n \n /CNW/ - Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) today released its second quarter results for the period ended\n \n July 3, 2021\n \n .\n \n \n \"I am pleased with our strong results, which clearly demonstrated our omni-channel capabilities and the growing customer connection to our brand. With a third of our stores impacted by closures, and many more subjected to restrictions during the quarter, our customers embraced our digital channels, driving eCommerce sales to record levels and doubling the volume of orders compared to last quarter,\" said\n \n Greg Hicks\n \n , President and CEO, Canadian Tire Corporation. \"Demand for our Owned Brands reached 38% of total sales across our Canadian Tire, SportChek and Mark's banners and helped drive our strong product margins.\"\n \n \n \"We continued to grow our Triangle Rewards program, welcoming almost 600,000 new customers in the quarter, with active members up 11%,\" added Hicks.\n \n \n \n HIGHLIGHTS\n \n \n \n \n \n Record quarterly eCommerce sales at\n \n $856.7 million\n \n and\n \n $2.1 billion\n \n over the last 12 months\n \n \n \n \n eCommerce contributed to the growth in revenue, with CTR experiencing the largest quarter in its history for eCommerce sales, up 63.2% to more than\n \n $600 million\n \n \n \n 8.8 million orders were fulfilled, double l...