Business
Canadian Tire Corporation Reports Excellent Performance in the Third Quarter
Canadian Tire Corporation Reports Excellent Performance in the Third Quarter Ca...
About this update from Canadian Tire Corporation, Limited
[{"type":"text","content":"\n \n \n \n Canadian Tire Corporation Reports Excellent Performance in the Third Quarter\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 TORONTO, Nov. 5, 2020\n \n \n \n \n \n Consolidated comparable sales up 18.9%\n \n \n Year to date eCommerce sales reach\n \n $1 billion\n \n , a 211% increase\n \n \n Diluted Earnings Per Share (EPS) were\n \n $4.84\n \n ; normalized EPS grew 42.5%\n \n \n Annual dividend to be increased 3.3% to\n \n $4.70\n \n per share, reflecting 11 years of consecutive increases\n \n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 5, 2020\n \n /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC) (TSX: CTC.A) (\"CTC\" or the \"Company\") today released its third quarter results for the period ended\n \n September 26, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \"I am extremely proud of our third quarter performance – a true testament to the relevancy of our brand and unique multi-category assortment which continues to resonate with our customers both in-store and across our digital platforms. Our impressive retail capabilities and agility have contributed to our market share growth across the categories in which we compete. Both frequency of visits and spend levels of our Triangle members, particularly our active family segment, increased significantly in the quarter and we are well-positioned heading into the holiday season,\" said\n \n Greg Hicks\n \n , President and CEO, Canadian Tire Corporation.\n \n \n \"My deep appreciation goes out to our Associate Dealers and all of our employees for their passion and extraordinary commitment to serving our customers in the midst of the ongoing pandemic, and for meeting their needs no matter how they choose to shop with us,\" continued Hicks.\n \n \n \n HIGHLIGHTS\n \n \n \n \n \n With strong in-store and eCommerce performance, CTC delivered exceptional comparable sales growth of 18.9% in the quarter\n \n \n \n \n CTR led the way in the quarter, delivering 25.1% comparable sales growth, reflecting strong demand across all product categories and compelling Owned Brands sales g...