06:28 AM EST, 11/06/2025 (MT Newswires) -- Canadian Tire ( CDNTF ) (CTC-A.TO) on Thursday reported a third quarter result that reflected the retailer's reorganisation under its True North Strategy, but it did also announce an annual dividend increase and a share repurchase intention.

For Q3, normalized for the True North expenses, Diluted EPS was up 6.5% to $3.78. Normalized IBT was broadly stable at $297.7 million, compared to $296.7 million in the same quarter last year. Favourable normalized retail IBT offset a decline in Financial Services income before income taxes (IBT), primarily reflecting previously communicated investments in the business.

Diluted EPS was $3.13, down $0.42 or 11.8%, mainly due to expenses related to the company's True North transformation.

Retail sales were $4,541.5 million, flat compared to the third quarter of 2024. Retail sales (excluding Petroleum) were up 1.7% and consolidated comparable sales were up 1.8%.

Annualized dividend increased from $7.10 to $7.20 per share, alongside an intention to repurchase up to $400.0 million of Class A Non-Voting Shares by the end of 2026.

"In a continued dynamic consumer environment, we grew retail sales for a third consecutive quarter," said Greg Hicks, President and CEO. "At the same time, we completed a transformative reorganization, a key building block to better operating efficiency and value creation under our True North strategy. Our confidence is reflected in our continued strategic investments, our dividend increase and our share repurchase program.

"Our Triangle Rewards program has real momentum and is contributing to loyalty sales growth. We announced a new Tim Hortons partnership in Q3, with new Royal Bank of Canada and WestJet programs on track to launch in 2026. Partnering with leading Canadian programs will accelerate our brand scale, our data insights, and sales - while rewarding loyalty in more parts of our customers' daily lives."