Cost of Russia exit weighs on Canadian Tire earnings, despite rising sales

  • 📰 financialpost
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

Canadian Tire sees sales rise, but profit drop in second quarter

The company on Thursday reported net income attributable to shareholders of $145.2 million or $2.43 per diluted share, down from $223.6 million or $3.64 per diluted share in the same period in 2021.

Canadian Tire said their retail inventory and margin management helped them achieve five per cent growth in comparable sales “despite some unseasonable weather.”Article content Automotive was the strongest division of Canadian Tire Retail in the quarter, with revenue up 15 per cent or $90 million against last year, Craig said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines