Canadian Tire Corporation, Limited announced Thursday “strong results” for its third quarter ended October 3, 2026, as retail sales were $4.74 billion, up 4.4%, compared to the third quarter of 2025.
Highlights:
- Broad-based retail growth, with retail comparable sales up 3.2% and retail revenue up 5.0%, led by Petroleum. Loyalty sales and eCommerce sales grew 6.3% and 15.3%, respectively.
- Improving Financial Services segment profitability on record Financial Services revenue as cardholder engagement remained strong and overall credit metrics stable.
- Diluted Earnings Per Share (EPS) from continuing operations of $4.27, up $1.14 or 36.4% compared to Q3 2025, and up $0.49 or 13.0% on a normalized basis.
- An increase in the annual dividend to $7.30 per share, marking the company’s 17th consecutive year of dividend increase.
“Canadians continue to be thoughtful about how and where they spend, and our teams are responding with a focus on value, relevance and disciplined execution,” said Greg Hicks, President and CEO, Canadian Tire Corporation.
“That approach helped drive growth across all of our retail banners in the third quarter, supporting strong financial performance.
“We’re also encouraged by the momentum we’re seeing from investments that continue to strengthen our customer relationships, including the early success of our partnership with Tims Rewards.”
Comparable sales on the rise
The company said retail comparable sales increased 3.2%, supported by a strong September and growth across all banners. Loyalty sales grew 6.3%. eCommerce sales increased 15.3%.
“Canadian Tire Retail (CTR) Comparable sales increased 3.2%, with higher traffic and broad-based growth across divisions. Living and Seasonal and Gardening led the performance, while Automotive delivered its 25th consecutive quarter of sales growth. CTR eCommerce sales increased 24.8%, with strong growth in ship-to-home,” it said.
“SportChek delivered its ninth consecutive quarter of Comparable sales growth, up 3.2%, led by fanwear, team sports and athletic footwear. Mark’s delivered its eighth consecutive quarter of Comparable sales growth, up 3.3%, led by workwear, industrial footwear and men’s jeans.”
The company said retail sales, excluding Petroleum were up 1.7%. Retail comparable sales were up 3.2%.
“CTR Retail sales increased 0.9% over the same period last year and Comparable sales were up 3.2%. SportChek Retail sales increased 3.6% over the same period last year, and Comparable sales were up 3.2%. Mark’s Retail sales increased 5.8% over the same period last year, and Comparable sales were up 3.3%.”
Retail revenue increases
Retail revenue was $3.9 billion, an increase of $183.9 million, or 5.0%, compared to the prior year; retail revenue excluding Petroleum was up 1.5%.
The company said total capital expenditures were $137.8 million, compared to $190.6 million in Q3 2025. Operating capital expenditures were $111.0 million in the quarter, compared to $108.6 million in Q3 2025. It said it continues to expect total operating capital investments of approximately $2 billion over the 2025 to 2028 period, with 2026 full-year operating capital expenditures expected to be in the range of $450 million to $500 million.
Canadian Tire Corporation, Limited has a number of banners including Canadian Tire, PartSource, Party City, Mark’s, L’Équipeur, SportChek, Sports Experts, Pro Hockey Life, Hockey Experts, and Atmosphere. Its Triangle Rewards loyalty program has close to 10 million registered members. There are more than 1,600 retail and gasoline outlets. CTC also operates a retail petroleum business and a Financial Services business and holds a majority interest in CT REIT.
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