TORONTO, Nov. 12, 2026 /CNW/ -- Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (CTC or the Company) today announced strong results for its third quarter ended October 3, 2026, which included:

• Broad-based retail growth, with Retail Comparable sales¹ up 3.2% and Retail Revenue up 5.0%, led by Petroleum. Loyalty sales¹ and eCommerce sales¹ 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 17^th 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."

CONTINUING OPERATIONS HIGHLIGHTS

• 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 sales¹ increased 3.2%, with higher traffic and broad-based growth across divisions. Living and Seasonal and Gardening led the performance, while Automotive delivered its 25^th consecutive quarter of sales growth. CTR eCommerce sales¹ increased 24.8%, with strong growth in ship-to-home.
  • SportChek delivered its ninth consecutive quarter of Comparable sales growth¹, up 3.2%, led by fanwear, team sports and athletic footwear.
  • Mark's delivered its eighth consecutive quarter of Comparable sales growth¹, up 3.3%, led by workwear, industrial footwear and men's jeans.
• Consolidated Income before income taxes (IBT) was $319.4 million, up $69.5 million or 27.8%. On a normalized basis, Consolidated IBT¹ was up 7.3%, with Retail and Financial Services Normalized IBT up 2.9% and 17.5%, respectively.
  • Higher Retail IBT reflected Revenue growth, margin performance and disciplined cost management.
  • Financial Services delivered strong earnings growth, as higher Revenue more than offset increased funding costs and planned investments, while credit metrics remained stable.
• Diluted EPS was $4.27, up $1.14 or 36.4%, and increased $0.49 or 13.0% on a normalized basis, reflecting higher earnings and a lower share count.
• Retail Return on Invested Capital (ROIC)¹ was 11.2%, calculated on a trailing twelve-month basis, up from 10.6% in the prior year.

THIRD QUARTER CONTINUING OPERATIONS SEGMENT OVERVIEW

RETAIL SEGMENT OVERVIEW

• Retail sales¹ were $4,742.8 million, up 4.4%, compared to the third quarter of 2025. Retail sales, excluding Petroleum¹ were up 1.7%. Retail Comparable sales were up 3.2%.
• CTR Retail sales¹ increased 0.9% over the same period last year and Comparable sales were up 3.2%.
• SportChek Retail sales¹ increased 3.6% over the same period last year, and Comparable sales were up 3.2%.
• Mark's Retail sales¹ increased 5.8% over the same period last year, and Comparable sales were up 3.3%.
• Retail Revenue was $3,889.7 million, an increase of $183.9 million, or 5.0%, compared to the prior year; Retail Revenue excluding Petroleum¹ was up 1.5%.
• Retail Gross margin dollars were $1,233.8 million, up 1.8% compared to the third quarter of the prior year, and up 1.0% excluding Petroleum¹; Retail Gross margin rate, excluding Petroleum¹, decreased 16 bps to 35.6%.
• Retail Selling, General and Administrative expenses were $784.1 million, up 0.5% compared to the same period last year.
• Retail IBT was $197.9 million, compared to $144.6 million or $192.4 million on a normalized basis in the prior year.
• Refer to the Company's Q3 2026 MD&A sections 4.2.1 and 4.2.2 for information on normalizing items and additional details on events that have impacted the Retail segment in the quarter.

FINANCIAL SERVICES OVERVIEW

• Financial Services IBT was $99.2 million, compared to $84.4 million in the prior year, as higher Revenue and Gross margin dollars offset planned True North investments.  
• Gross Average Accounts Receivable (GAAR)¹ was up 4.2% relative to the prior year, mainly driven by higher Average account balance¹ on the back of continued cardholder engagement. Average number of accounts with a balance was also up 1.1%.
• Refer to the Company's Q3 2026 MD&A section 4.3.1 and 4.3.2 for additional details on events that have impacted the Financial Services segment in the quarter.

CT REIT HIGHLIGHTS

• During the quarter, CT REIT completed a $14 million vend-in of a Canadian Tire store in Victoria, BC, and announced a new redevelopment project related to a former Canadian Tire store property in Kelowna, BC. The investments represent approximately 122,300 square feet of incremental gross leasable area. 
• In relation to CTC's 67.9% stake in CT REIT, distributions of $39.9 million were received and included in Other income in the Retail segment earnings in the quarter.
• For further information, refer to CT REIT's Q3 2026 earnings release issued on November 9, 2026.
   

THIRD QUARTER CONTINUING OPERATIONS CONSOLIDATED OVERVIEW

• Revenue was $4,324.2 million, compared to $4,105.8 million in the same period last year.
• Consolidated IBT was $319.4 million, up $69.5 million compared to the prior year. On a normalized basis, Consolidated IBT was up $21.7 million.
• Diluted EPS was $4.27, compared to $3.13 or $3.78 on a normalized basis in the prior year.
• Refer to the Company's Q3 2026 MD&A section 4.1.1 for information on normalizing items and additional details on events that have impacted the Company in the quarter.

CAPITAL ALLOCATION

CAPITAL EXPENDITURES

• Total capital expenditures were $137.8 million, compared to $190.6 million in Q3 2025.
• Operating capital expenditures¹ were $111.0 million in the quarter, compared to $108.6 million in Q3 2025.
• The Company 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.

QUARTERLY DIVIDEND

• The Company increased its annual dividend for the 17th consecutive year, to $7.30 per Common Voting Share and Class A Non-Voting Share from $7.20, an increase of approximately 1.4% over the prior year.
• On November 11, 2026, the Board declared dividends of $1.825 per share payable on March 1, 2027, to shareholders of record as of January 31, 2027. The dividend is considered an "eligible dividend" for tax purposes.

SHARE REPURCHASES

• On November 6, 2025, the Company announced its intention to repurchase up to $400 million of its Class A Non-Voting Shares in excess of the amount required for anti-dilutive purposes by the end of 2026 (the 2025-26 Share Repurchase Intention).
• As at the end of Q3 2026, the Company had completed close to 80% of its 2025-26 Share Repurchase Intention, with 646,900 shares purchased for $123.1 million during the third quarter.

1) NON-GAAP FINANCIAL MEASURES AND RATIOS AND SUPPLEMENTARY FINANCIAL MEASURES

This press release contains non-GAAP financial measures and ratios, and supplementary financial measures. References below to the Q3 2026 MD&A mean the Company's Management's Discussion and Analysis for the Third Quarter ended October 3, 2026, which is available on SEDAR+ at http://www.sedarplus.ca and is incorporated by reference herein. Non-GAAP measures and non-GAAP ratios have no standardized meanings under GAAP and may not be comparable to similar measures of other companies. 

Non-GAAP Financial Measures and Ratios

Normalized Diluted Earnings per Share

Normalized Diluted EPS, a non-GAAP ratio, is calculated by dividing Normalized Net Income Attributable to Shareholders, a non-GAAP financial measure, by total diluted shares of the Company. For information about these measures, see section 9.1 of the Company's Q3 2026 MD&A.

The following table is a reconciliation of normalized net income attributable to shareholders of the Company to the respective GAAP measures:

Consolidated Normalized Income Before Income Taxes and Retail Normalized Income Before Income Taxes

Consolidated Normalized Income before income taxes and Retail Normalized Income before income taxes are non-GAAP financial measures. For information about these measures, see section 9.1 of the Company's Q3 2026 MD&A.

The following table reconciles Consolidated Normalized Income before income taxes to Income before income taxes: 

The following table reconciles Retail Normalized Income (loss) before income taxes to Income before income taxes: 

Retail Return on Invested Capital (ROIC)

ROIC is calculated as Retail return divided by the Retail invested capital. Retail return is defined as trailing 12-month Retail after-tax earnings excluding interest expense, lease related depreciation expense, inter-segment earnings, and any normalizing items. Retail invested capital is defined as Retail segment total assets, less Retail segment trade payables and accrued liabilities and inter-segment balances based on an average of the trailing four quarters. Retail return and Retail invested capital are non-GAAP financial measures. For more information about these measures, see section 9.1 of the Company's Q3 2026 MD&A.

Operating Capital Expenditures 

Operating capital expenditures is a non-GAAP financial measure. For more information about this measure, see section 9.1 of the Company's Q3 2026 MD&A.

The following table reconciles total additions from the Investing activities reported in the Consolidated Statement of Cash Flows to Operating capital expenditures:

Supplementary Financial Measures and Ratios

The measures below are supplementary financial measures. See Section 9.2 (Supplementary Financial Measures) of the Company's Q3 2026 MD&A for information on the composition of these measures.

• Retail Comparable sales
• Retail revenue, excluding Petroleum
• Retail sales and retail sales, excluding Petroleum
• Canadian Tire Retail comparable and retail sales
• SportChek comparable and retail sales
• Mark's comparable and retail sales
• Loyalty sales
• eCommerce sales
• Retail gross margin rate and retail gross margin rate (excluding Petroleum)
• Average account balance
• Gross Average Accounts Receivable

To view a PDF version of Canadian Tire Corporation's full quarterly earnings report please see:
https://mmx.prnewswire.com/media/MS2033370/CANADIAN-TIRE-CORPORATION-LIMITED-INVESTOR-RELATIONS-Canadian.pdf

FORWARD-LOOKING STATEMENTS

This press release contains information that may constitute forward-looking information within the meaning of applicable securities laws, which reflect management's current expectations regarding future events and the Company's True North strategy. All statements other than statements of historical facts contained in this press release may constitute forward-looking information, including but not limited to, information with respect to: the Company's operating capital expenditure expectations; and the Company's intention to repurchase its Class A Non-Voting Shares. Readers are cautioned that such information may not be appropriate for other purposes. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "estimate", "plan", "can", "could", "should", "would", "outlook", "target", "forecast", "anticipate", "aspire", "foresee", "continue", "ongoing" or the negative of these terms or variations of them or similar terminology. Although the Company believes that the forward-looking information in this press release is based on information, estimates and assumptions that are reasonable, such information is necessarily subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking information. For information on the material risks, uncertainties, factors and assumptions that could cause the Company's actual results to differ materially from the forward-looking information, refer to Section 13 (Caution Regarding Forward-Looking Information) of the Company's Q3 2026 MD&A, available on the SEDAR+ website at http://www.sedarplus.ca and https://investors.canadiantire.ca. The forward-looking information contained herein is based on information, estimates and assumptions as of the date hereof. The Company does not undertake to update any forward-looking information, whether written or oral, except as is required by applicable laws.

CONFERENCE CALL

Canadian Tire will conduct a conference call to discuss information included in this news release and related matters at 8:00 a.m. ET on Thursday, November 12, 2026. The conference call will be available simultaneously and in its entirety to all interested investors and the news media through a webcast at https://investors.canadiantire.ca and will be available through replay at this website for 12 months.

ABOUT CANADIAN TIRE CORPORATION                                                                  

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer trust, and one of Canada's strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, as well as products offered under the PartSource and Party City banners; Mark's and L'Équipeur, leading sources for casual and industrial wear; and sports retailers SportChek, Sports Experts, Pro Hockey Life, Hockey Experts, and Atmosphere, which offer the best-in-class brands in active wear and sports gear. CTC's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program – a linchpin of CTC's customer-driven strategy. With close to 10 million registered members, Triangle integrates first-party data to deliver valuable rewards and personalized experiences across 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, a TSX-listed Canadian real estate investment trust. For more information, visit Corp.CanadianTire.ca.  

Media: Stephanie Nadalin, (647) 271-7343, stephanie.nadalin@cantire.com
Investors: Karen Keyes, (647) 518-4461, karen.keyes@cantire.com

SOURCE CANADIAN TIRE CORPORATION, LIMITED - INVESTOR RELATIONS