Aug. 12, 2022
In Store Shopping Improves Canadian Tire Numbers
Consolidated retail sales were up 9.9 per cent and consolidated comparable sales (excluding petroleum) were up five per cent, with growth benefiting from the breadth of its assortment and a higher mix of in-store shopping compared to the second quarter of 2021 when COVID-19 restrictions remained in place, says Canadian Tire Corporation, Limited in its second quarter results for the period ended July 2. Retail comparable sales grew 3.9 per cent as customers shopped across a broader set of categories, including in living and fixing, as they returned in-store. Revenue increased $485.5 million to $4,404 million, up 12.4 per cent; revenue (excluding petroleum) increased 5.9 per cent over the same period last year.