Canadian Tire Corporation Reports Second Quarter 2026 Results

About this update from Canadian Tire Corporation, Limited

TORONTO, Aug. 13, 2026 /CNW/ -- Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (CTC or the Company) today announced results for its second quarter ended July 4, 2026. "In Q2, we demonstrated our operational agility by lowering prices for value-seeking customers, adapting to challenging weather conditions, and ultimately delivering strong financial results," said Greg Hicks, President and CEO, Canadian Tire Corporation. "At the same time, we continued to advance our True North strategy, increasing the use of personalized Triangle loyalty offers, growing eCommerce, and delivering strong sales in our new concept Mark's and SportChek stores. "The 2026 Men's World Cup was a highlight of the quarter. Activations in store and online drove soccer fans and new customers to SportChek, and Jumpstart partnered with the Canadian government to announce a multi-year commitment to build 25 inclusive community soccer pitches across Canada by 2029, extending the World Cup legacy in communities nationwide." CONTINUING OPERATIONS FINANCIAL HIGHLIGHTS STRATEGIC HIGHLIGHTS   SECOND QUARTER CONTINUING OPERATIONS SEGMENT OVERVIEW RETAIL SEGMENT OVERVIEW FINANCIAL SERVICES OVERVIEW CT REIT HIGHLIGHTS SECOND QUARTER CONTINUING OPERATIONS CONSOLIDATED OVERVIEW CAPITAL ALLOCATION CAPITAL EXPENDITURES QUARTERLY DIVIDEND SHARE REPURCHASES 1) NON-GAAP FINANCIAL MEASURES AND RATIOS AND SUPPLEMENTARY FINANCIAL MEASURES This press release contains non-GAAP financial measures and ratios, and supplementary financial measures. References below to the Q2 2026 MD&A mean the Company's Management's Discussion and Analysis for the Second Quarter ended July 4, 2026, which is available on SEDAR+ at  http://www.sedarplus.ca  and is incorporated by reference herein. Non-GAAP measures and non-GAAP ratios have no standardized meanings under GAAP and may not be comparable to similar measures of other companies.  A) Non-GAAP Financial Measures and Ratios  Normalized Diluted Earnings per Share Normalized diluted EPS, a non-GAAP ratio, is calculated by dividing Normalized Net Income Attributable to Shareholders, a non-GAAP financial measure, by total diluted shares of the Company. For information about these measures, see section 9.1 of the Company's Q2 2026 MD&A. The following table is a reconciliation of normalized net income attributable to shareholders of the Company to the respective GAAP measures: Consolidated Normalized Income Before Income Taxes and Retail Normalized Income Before Income Taxes Consolidated Normalized Income Before Income Taxes and Retail Normalized Income Before Income Taxes are non-GAAP financial measures. For information about these measures, see section 9.1 of the Company's Q2 2026 MD&A. The following table reconciles Consolidated Normalized Income Before Income Taxes to Income Before Income Taxes:  The following table reconciles Retail Normalized Income (Loss) Before Income Taxes to Income Before Income Taxes:  Retail Return on Invested Capital   (ROIC) ROIC is calculated as Retail return divided by the Retail invested capital. Retail return is defined as trailing 12-month Retail after-tax earnings excluding interest expense, lease related depreciation expense, inter-segment earnings, and any normalizing items. Retail invested capital is defined as Retail segment total assets, less Retail segment trade payables and accrued liabilities and inter-segment balances based on an average of the trailing four quarters. Retail return and Retail invested capital are non-GAAP financial measures. For more information about these measures, see section 9.1 of the Company's Q2 2026 MD&A. Operating Capital Expenditures Operating capital expenditures is a non-GAAP financial measure. For more information about this measure, see section 9.1 of the Company's Q2 2026 MD&A. The following table reconciles total additions from the Investing activities reported in the Consolidated Statement of Cash Flows to Operating capital expenditures: B) Supplementary Financial Measures and Ratios The measures below are supplementary financial measures. See Section 9.2 (Supplementary Financial Measures) of the Company's Q2 2026 MD&A for information on the composition of these measures. To view a PDF version of Canadian Tire Corporation's full quarterly earnings report please see: https://mmx.prnewswire.com/media/MS1968929/CANADIAN-TIRE-CORPORATION-LIMITED-INVESTOR-RELATIONS-Canadian.pdf FORWARD-LOOKING STATEMENTS This press release contains information that may constitute forward-looking information within the meaning of applicable securities laws, which reflect management's current expectations regarding future events and the Company's True North strategy. All statements other than statements of historical facts contained in this press release may constitute forward-looking information, including but not limited to, information with respect to: the Company's loyalty partnerships; planned store enhancement projects; the Company's operating capital expenditure expectations; and the Company's intention to repurchase its Class A Non-Voting Shares. Readers are cautioned that such information may not be appropriate for other purposes. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "estimate", "plan", "can", "could", "should", "would", "outlook", "target", "forecast", "anticipate", "aspire", "foresee", "continue", "ongoing" or the negative of these terms or variations of them or similar terminology. Although the Company believes that the forward-looking information in this press release is based on information, estimates and assumptions that are reasonable, such information is necessarily subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking information. For information on the material risks, uncertainties, factors and assumptions that could cause the Company's actual results to differ materially from the forward-looking information, refer to Section 13 (Caution Regarding Forward-Looking Information) of the Company's Q2 2026 MD&A, available on the SEDAR+ website at  http://www.sedarplus.ca  and  https://investors.canadiantire.ca . The forward-looking information contained herein is based on information, estimates and assumptions as of the date hereof. The Company does not undertake to update any forward-looking information, whether written or oral, except as is required by applicable laws. CONFERENCE CALL Canadian Tire will conduct a conference call to discuss information included in this news release and related matters at 8:00 a.m. ET on Thursday, August 13, 2026. The conference call will be available simultaneously and in its entirety to all interested investors and the news media through a webcast at https://investors.canadiantire.ca  and will be available through replay at this website for 12 months. ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) (or "CTC"), is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; and sports retailers SportChek, Sports Experts, Pro Hockey Life, Hockey Experts, and Atmosphere, which offer the best-in-class brands in active wear and sports gear. The Company's over 1,600 retail and gasoline outlets are supported and strengthened by CTC's Financial Services division and the tens of thousands of people employed across Canada and around the world by CTC and its local dealers, franchisees and petroleum retailers. For more information, visit Corp.CanadianTire.ca . FOR MORE INFORMATION Media:  Tiffany Bourré, (437) 315-4530, [email protected] Investors: Karen Keyes, (647) 518-4461, [email protected] View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/13/c9415.html

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