Feb 13 (Reuters) - Canadian Tire ( CDNTF ) CEO Greg

Hicks said on Thursday that the retailer is preparing to

mitigate potential impacts from tariffs amid a possible trade

war between Canada and the United States.

The company was reviewing products and U.S. suppliers while

assessing alternatives to the higher cost pressures that tariffs

may have on its business and customers, Hicks added.

President Donald Trump has suspended his threat of steep

tariffs on Mexico and Canada, agreeing to a 30-day pause in

exchange for concessions on border and crime enforcement with

the two neighboring countries.

Both Canada and Mexico have announced retaliatory tariffs on

U.S. products if Trump proceeds with 25% tariffs on Mexican and

most Canadian imports.

Canadian Tire ( CDNTF ) sources 15% of its goods directly from the

U.S., Hicks said, adding that there are some minor residual

impacts from both the China and Mexico tariffs.

Toronto-listed shares of Canadian Tire ( CDNTF ), which sells hardware

and furniture products, dropped 5% after the company missed

fourth-quarter revenue and profit expectations, as consumer

demand remained constrained in discretionary categories.

The company's quarterly revenue rose 1.5% to C$4.51 billion

($3.17 billion), missing estimates of C$4.59 billion. The

adjusted profit per share came in at C$4.07, below estimates of

C$4.27.

Consumer confidence in Canada had seen an uptick following

interest rate cuts, Hicks said during a post-earnings call.

However, he quickly noted, "I suspect the consumer confidence

uptick that I mentioned earlier has now been substantially

erased with tariff."

($1 = 1.4241 Canadian dollars)