Canadian Tire Q1 retail sales grow by 3.3%

Source: Canadian Tire, Friday, May 10, 2019

Canadian Tire has released first quarter results for the period ended 30 March 2019. Consolidated retail sales increased by CAD91.2 million (USD71.22 million) or 3.3% in the first quarter. Excluding Petroleum, consolidated retail sales were up 6.3% over the same period last year.

The Canadian Tire banner saw retail sales increase by 7.4% and comparable sales were up 7.1%. SportChek's retail sales increased by 2.8% while comparable sales increased by 3.4%. Mark's retail sales grew 5.5% and comparable sales increased by 4.9%.