Canadian Tire reports Q3 profit up from year ago, raises quarterly dividend
Canadian Tire Corp. Ltd. announced a rise in its quarterly dividend, coinciding with a boost in its third-quarter profit. The company will now distribute $1.825 per share, up from $1.80 per share, to shareholders. This dividend increase follows a notable earnings rise, with Canadian Tire reporting net income attributable to shareholders at $219.6 million, or $4.27 per diluted share, for Q3 2026.
This is a significant improvement over the previous year's $169.1 million, or $3.13 per diluted share. Normalized earnings for the latest quarter reached $4.27 per diluted share, up from $3.78 per diluted share in the same period a year ago. The company's total sales for the quarter amounted to $4.32 billion, a growth from $4.11 billion in the same period last year.
Canadian Tire's overall comparable sales saw a 3.2% increase across all its banners, with specific gains of 3.2% in SportChek and Mark’s.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
