CTC Has Strong First Quarter

Canadian Tire Corporation, Limited (CTC) had retail sales of $3,421.4 million for the first quarter of 2022, up 9.7 per cent compared to the first quarter of 2021; consolidated comparable sales (excluding petroleum) increased 6.4 per cent. Revenue for the quarter was $3,837.4 million, up 15.5 per cent year-over-year. Consolidated income before taxes was $294.9 million, up 15.9 per cent over the prior-year quarter. First quarter revenue for the retail segment was $3,504.5 million, up 15.9 per cent compared to the previous year. Retail sales were up 5.6 per cent.