Canadian Tire posts higher Q1 profit and revenue
Canadian Tire Corp. reported an increase in its first-quarter profit and revenue compared with the same period last year, driven by strong retail performance across its banners. The company said net income attributable to shareholders rose to $185.0 million or $3.12 per diluted share for the quarter ended April 4, 2026, up from $162.4 million or $2.74 per diluted share a year earlier.
Revenue for the quarter totaled $4.32 billion, up from $4.14 billion in the first quarter of 2025. The growth was fueled by higher sales at its Canadian Tire, Mark's, and SportChek stores, as well as its financial services division. Comparable store sales increased by 2.8% at Canadian Tire, 3.1% at Mark's, and 1.9% at SportChek.
"Our team delivered solid results in the first quarter, demonstrating the strength of our multi-format retail network and the loyalty of our customers," said CEO Greg Hicks in a statement. "We continue to invest in our digital capabilities and supply chain to enhance the customer experience and drive long-term growth."
The company's financial services segment also performed well, with revenue rising 4.5% to $324 million, driven by higher credit card transaction volumes and interest income. Canadian Tire's Triangle Rewards program saw membership grow by 6% year-over-year, reaching over 12 million active members.
Analysts had expected earnings per share of $2.95 on revenue of $4.28 billion, according to estimates compiled by Bloomberg. The results exceeded expectations, sending shares up 1.8% in morning trading on the Toronto Stock Exchange.
Looking ahead, Canadian Tire reaffirmed its full-year guidance, expecting mid-single-digit revenue growth and improved profit margins. The company also announced a 5% increase in its quarterly dividend to $1.575 per share, payable June 1 to shareholders of record as of May 15.
