TORONTO - Canadian Tire Corp. reported its first-quarter profit fell compared with a year ago as revenue moved higher.
The retailer says it earned a profit attributable to shareholders of $69.7 million or $1.12 per share for the quarter ended March 30.
That compared with a profit of $78 million or $1.18 per share a year earlier.
Revenue totalled $2.89 billion, up from $2.81 billion in the first quarter of 2018.
The increase in revenue came as retail sales at its Canadian Tire stores increased 7.4 per cent and comparable sales gained 7.1 per cent.
Meanwhile, sales at its SportChek stores gained 2.8 per cent, while comparable sales rose 3.4 per cent. Mark's sales grew 5.5 per cent, while comparable sales at the clothing chain increased 4.9 per cent.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Toronto stock index posts gains on strong jobs data ahead of holiday weekend
The Canadian Press</span>
Published Thursday, August 3, 2017 10:29AM EDT
Last Updated Friday,… Read More...
Toronto stock composite index poised to close the week on positive note after jobs data
The Canadian Press</span>
Published Thursday, August 3, 2017 10:29AM EDT
Last Updated Friday,… Read More...
Cannabis company plans to turn desert town into pot paradise
John Locher and John Rogers, The Associated Press</span>
Published Friday, August 4, 2017 9:1… Read More...
Toyota, Mazda plan US$1.6 billion plant, to partner in EVs
Tom Krisher and Yuri Kageyama, The Associated Press</span>
Published Friday, August 4, 2017 7… Read More...
A second look at Second Cup? Coffee chain posts first rise in sales since 2015MISSISSAUGA, Ont. -- Things may be perking up at the Second Cup Ltd.
The coffee chain says during it… Read More...
0 Response to "Canadian Tire reports Q1 profit down from year ago, revenue gains ground"
Post a Comment