Canada: Positive Q2 for Canadian Tire

Canadian Tire Corp. has released its second-quarter results for the period ended 29 June. Consolidated retail sales increased $53.6m or 1.3% in the period. Excluding petroleum, consolidated retail sales were up 2.3% over the same time last year.

Consolidated revenue grew by 5.9%. Excluding petroleum, it was up by 7.9% in the quarter. For the retail segment, revenue increased 5.7%. Excluding petroleum, retail segment revenue increased 7.8%. Retail sales by Canadian Tire stores increased by 2.1% and comparable sales were up 1.9% in the second quarter.

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