06:21 AM EST, 02/13/2025 (MT Newswires) -- Canadian Tire ( CDNTF ) on Thursday reported higher earnings for the fourth quarter, boosted by stronger loyalty and promotion sales.

In a consolidate overview of the fourth quarter, the retailer said diluted EPS was $7.37 or $4.07 on a normalized basis, compared to $3.09 or $3.38 on a normalized basis in the prior year.

Revenue was $4,507.3 million, up 1.5% compared to $4,443.0 million in the same period last year. Revenue (excluding Petroleum) was $4,002.6 million, an increase of 1.6% compared to the prior year.

"In the quarter, we charted strong earnings and a return to growth, while observing economic green shoots like improved consumer sentiment and spending," said Greg Hicks, President and CEO. "The strength of Triangle Rewards was on display in Q4, as loyalty sales grew 4% and we activated more personalized promotions -- having attracted and engaged nearly half-a-million new and returned members in 2024.

CTC was up $7.00, or 3.2%, at $228 on Wednesday.