Overview

* Canadian Tire ( CDNTF ) Q3 revenue grows 3% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong retail performance

* Company announces C$400 mln share repurchase plan and dividend increase

Outlook

* Canadian Tire ( CDNTF ) plans to repurchase up to C$400 mln of shares by end of 2026

* Company expects 2025 operating capital expenditures between C$525 mln and C$575 mln

* Canadian Tire ( CDNTF ) to launch RBC and WestJet loyalty partnerships in 2026

Result Drivers

* RETAIL REVENUE GROWTH - Retail revenue grew 3.2%, driven by strong performance in SportChek and CTR, particularly in Ontario and Quebec

* LOYALTY PROGRAM IMPACT - Triangle Rewards program contributed to loyalty sales growth, with new partnerships expected to enhance brand scale and sales

* TRUE NORTH STRATEGY - Transformative reorganization under True North strategy aimed at improving operating efficiency and value creation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight C$4.11 C$4.09

Revenue Beat* bln bln (7

Analysts

)

Q3 Beat C$3.78 C$2.84

Adjusted (8

EPS Analysts

)

Q3 EPS C$3.78

Q3 Beat C$226.50 C$157.15

Adjusted mln mln (4

Net Analysts

Income )

Q3 Net C$191.30

Income mln

Q3 Beat C$297.70 C$237.63

Adjusted mln mln (3

Pretax Analysts

Profit )

Q3 C$249.90

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the department stores peer group is "buy."

* Wall Street's median 12-month price target for Canadian Tire Corporation Ltd ( CDNTF ) is C$178.00, about 9.4% above its November 5 closing price of C$161.18

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)