Canadian Tire says its third-quarter net income attributable to shareholders rose from a year earlier and that it is increasing its quarterly dividend to $1.825 per share.
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Canadian Tire Corp. Ltd. increased its quarterly dividend as it reported that its third-quarter profit rose compared with the same quarter a year earlier, helped by broad-based retail sales growth.
The Toronto-based retailer said it will now pay a quarterly dividend of $1.825 per share, up from $1.80 per share.
Canadian Tire reported net income attributable to shareholders of $219.6 million for the latest quarter, or $4.27 per diluted share, compared with $169.1 million or $3.13 per diluted share a year earlier.
On a normalized basis, the company said it earned $4.27 per diluted share, up from a normalized profit of $3.78 per diluted share a year earlier.
Revenue totalled $4.32 billion, up from $4.11 billion in the third quarter of 2025.
The company reported overall comparable sales increased 3.2 per cent across its banners, with Canadian Tire comparable sales up 3.2 per cent, SportChek up 3.2 per cent, and Mark’s up 3.3 per cent.
Chief executive Greg Hicks said in a call with analysts that the company is working to shift more of its business toward gifting, and he estimated the holiday gift market is worth more than $5 billion. He said Canadian Tire’s focus is not only on having the right products to gift, but also on being top of mind for gifts for other occasions such as birthdays and Mother’s Day.
Chief financial officer Darren Myers said the company was “off to a slower start in October” and that “winter has not showed up,” comparing the weather to the previous year when parts of the country had storms.
Canadian Tire said it expects shoppers’ higher standards to last from another year to 18 months and described conditions as a mix of higher household expenses and a cautious approach to spending, while noting it still sees shopping when the value proposition is right.
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