Canadian Tire Corporation, Limited · TSX:CTC
Canadian Tire — Q2 2025 Earnings Presentation
25 slides from Canadian Tire's earnings presentation, Aug 7, 2025
Slide 1: Canadian Tire Corporation Q2 2025 Financial Results and Segment Eliminations
Canadian Tire Corporation Q2 2025 Financial Results and Segment Eliminations
Slide 2: Forward Looking Information
Forward Looking Information This document contains information that may constitute forward-looking information within the meaning of applicable securities laws. Forward-looking information provides insights regarding Management’s current expectations and plans and allows investors and others to bett
Slide 3: Executive Participants
Executive Participants Greg Hicks President & Chief Executive Officer, Canadian Tire Corporation Darren Myers Executive Vice President & Chief Financial Officer, Canadian Tire Corporation TJ Flood Executive Vice President & Chief Operating Officer, Canadian Tire Corporation 3
Slide 4: Table of Contents
Table of Contents Slide Topic Number Q2 2025 HIGHLIGHTS 5 Q2 2025: REPORTED DILUTED EPS TO NORMALIZED CONTINUING OPERATIONS DILUTED 10 EPS BRIDGE AND KEY IMPACTS Q2 2025 FINANCIAL RESULTS 12 Q2 2025 SEGMENT ELIMINATIONS 19 NORMALIZED RESULTS FROM CONTINUING OPERATIONS 22 4
Slide 5: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS 5
Slide 6: Highlights
Q2 2025 Highlights • Consolidated comparable sales1 were up 5.6%, with growth in all banners and provinces led by Canadian Tire Retail (CTR) in Western Canada. • CTR comparable sales were up 6.4% in the Company’s most discretionary quarter, with strong growth across CTR’s four largest divisions. Bei
Slide 7: Highlights (continued)
Q2 2025 Highlights (continued) • Retail Revenue was up 5.3% or 9.0% excluding Petroleum1, as the business responded to sales growth. • Diluted EPS was $2.04, down $1.52 mainly due to the $1.03 loss on discontinued operations for results up to the May 31st completion of the Helly Hansen sale and expe
Slide 8: Strategic Highlights
Strategic Highlights • During Q1 2025, CTC launched its True North transformative growth strategy, designed to drive core retail growth through four strategic cornerstones: disciplined capital investments in digital and store experiences; an expanded Triangle Rewards loyalty system; more personalize
Slide 9: Strategic Highlights (Continued)
Strategic Highlights (Continued) • The expansion of Triangle Rewards remains on track, with the expected launch of loyalty partnerships with RBC (announced in March 2025) and WestJet (announced in May 2025) by the first half of 2026. • The Company’s Owned Brands portfolio continues to be a fundament
Slide 10: Q2 2025: Reported Diluted EPS to Normalized Continuing Operations Diluted EPS Bridge
Q2 2025: Reported Diluted EPS to Normalized Continuing Operations Diluted EPS Bridge and Key Impacts 10
Slide 11: Reported Diluted EPS to Normalized Continuing Operations Diluted EPS Bridge and Key Impacts
Q2 2025: Reported Diluted EPS to Normalized Continuing Operations Diluted EPS Bridge and Key Impacts $0.50 $3.57 $1.03 $3.07 $2.04 -$1.26 -$0.25 Reported Helly Hansen Reported Transformation Normalized Diluted EPS Discontinued Continuing Operations Costs Continuing Operations (Q2 2025) Operations Di
Slide 12: Q2 2025 Financial Results
Q2 2025 FINANCIAL RESULTS 12
Slide 13: Consolidated Financial Results
Q2 2025 Consolidated Financial Results* YTD YTD (C$ in millions, except where noted) Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change Retail sales1 $ 5,161.7 $ 5,000.2 3.2 % $ 8,584.7 $ 8,257.7 4.0 % Revenue $ 4,201.9 $ 3,995.4 5.2 % $ 7,658.6 $ 7,328.2 4.5 % Gross margin dollars $ 1,419.5 $ 1,346.5 5.
Slide 14: Normalizing Items
Q2 2025 Normalizing Items • In relation to the True North strategy, the Company recorded a one-time transformation charge of $95.4 million on a year-to-date basis for restructuring costs, which includes severance and costs for optimization of the SportChek store portfolio, including closing standalo
Slide 15: Selected Normalized Metrics – Consolidated
Q2 2025 Selected Normalized Metrics – Consolidated* (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) Q2 2025 Items1 Q2 20252 Q2 2024 Items1 Q2 20242 Change3 Revenue $ 4,201.9 $ — $ 4,201.9 $ 3,995.4 $ — $ 3,995.4 5.2 % Cost of producing revenue 2,782.4 — 2,782.4 2,6
Slide 16: Retail Segment Financial Results
Q2 2025 Retail Segment Financial Results* YTD YTD (C$ in millions, except where noted) Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change Retail sales1 $ 5,161.7 $ 5,000.2 3.2 % $ 8,584.7 $ 8,257.7 4.0 % Revenue $ 3,810.3 $ 3,617.5 5.3 % $ 6,872.1 $ 6,562.0 4.7 % Gross margin dollars $ 1,214.8 $ 1,148.0
Slide 17: Selected Normalized Metrics: Retail
Q2 2025 Selected Normalized Metrics: Retail* (C$ in millions, except Normalizing Normalized Normalizing Normalized where noted) Q2 2025 Items1 Q2 20252 Q2 2024 Items1 Q2 20242 Change3 Revenue $ 3,810.3 $ — $ 3,810.3 $ 3,617.5 $ — $ 3,617.5 5.3 % Cost of producing revenue 2,595.5 — 2,595.5 2,469.5 —
Slide 18: Financial Services Results
Q2 2025 Financial Services Results YTD YTD (C$ in millions) Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change Revenue $ 392.1 $ 383.2 2.3 % $ 787.7 $ 772.2 2.0 % Gross margin dollars $ 182.7 $ 178.9 2.1 % $ 374.4 $ 368.8 1.5 % Gross margin rate1 46.6 % 46.7 % (10) bps 47.5 % 47.8 % (23) bps Other expens
Slide 19: Q2 2025 Segment Eliminations
Q2 2025 SEGMENT ELIMINATIONS 19
Slide 20: Segment Reporting Note Disclosure
Q2 2025 Segment Reporting Note Disclosure* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1 The CT REIT eliminations and adjustments include intersegment eliminations between Retail and CT REIT including intercompany rent and property management fees and
Slide 21: Q2 YTD 2025 Segment Reporting Note Disclosure
Q2 YTD 2025 Segment Reporting Note Disclosure* *Retail segment performance from continuing operations excluding the Helly Hansen business. 1 The CT REIT eliminations and adjustments include intersegment eliminations between Retail and CT REIT including intercompany rent and property management fees
Slide 22: Normalized Results from Continuing Operations
Normalized Results from Continuing Operations 22
Slide 23: Consolidated Normalized Results from Continuing Operations
Consolidated Normalized Results from Continuing Operations* To assist in modelling the business on a go-forward basis after the completion of the Helly Hansen sale on May 31, 2025, the following table restates the Company’s normalized results from continuing operations on a quarterly and annual basi
Slide 24: Retail Segment Normalized Results from Continuing Operations
Retail Segment Normalized Results from Continuing Operations* To assist in modelling the business on a go-forward basis after the completion of the Helly Hansen sale on May 31, 2025, the following table restates the Company’s normalized results from continuing operations on a quarterly and annual ba
Slide 25: For more information
For more information: http://investors.canadiantire.ca