Canadian Tire Q3 EPS $4.27, lifts annual dividend to $7.30

Canadian Tire Corporation, Limited (TSX:CTC.A) reported third-quarter diluted earnings per share from continuing operations of $4.27, up 36.4 per cent from $3.13 a year earlier, and raised its annual dividend to $7.30 per share from $7.20, the company said Thursday. The retailer said retail comparable sales rose 3.2 per cent in the quarter ended Oct. 3.

The company said the dividend increase is its 17th consecutive year of higher payouts, about 1.4 per cent more than last year. Its board declared a quarterly dividend of $1.825 per share, payable March 1, 2027, to shareholders of record as of Jan. 31, 2027.

Canadian Tire said normalized diluted earnings per share rose 13.0 per cent, to $4.27 from $3.78. Net income attributable to shareholders was $219.6 million, compared with $169.1 million in the third quarter of 2025, while total net income was $246.4 million, up from $191.3 million. Income before income taxes was $319.4 million, up 27.8 per cent, or 7.3 per cent on a normalized basis. The company said a lower share count helped lift earnings per share.

Retail sales were $4,742.8 million, up 4.4 per cent, and retail revenue was $3,889.7 million, up 5.0 per cent, led by petroleum. Excluding petroleum, retail sales rose 1.7 per cent and retail revenue rose 1.5 per cent. Retail gross margin dollars rose 1.8 per cent to $1,233.8 million, while the retail gross margin rate excluding petroleum fell 16 basis points to 35.6 per cent.

Comparable sales at the Canadian Tire banner rose 3.2 per cent, with the company saying higher traffic and growth across divisions, while SportChek comparable sales rose 3.2 per cent and Mark’s rose 3.3 per cent. Loyalty sales grew 6.3 per cent and e-commerce sales rose 15.3 per cent. The company also said the Financial Services segment posted record revenue and that credit metrics remained stable.

“Canadians continue to be thoughtful about how and where they spend, and our teams are responding with a focus on value, relevance and disciplined execution,” said Greg Hicks, president and chief executive officer. He said the company is encouraged by early results from its partnership with Tims Rewards.

Canadian Tire said it would hold a conference call at 8 a.m. ET Thursday. Its news release gave all figures in Canadian dollars and described normalized figures as non-GAAP measures. Statistics Canada will release the October consumer price index on Monday, Nov. 16, and our Money Week Canada calendar lists the dates ahead, while our Thursday TSX preview covers the rest of the day’s market news.

Figures are from Canadian Tire’s news release issued Nov. 12, 2026, at 6:02 a.m. ET.

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