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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Tire Corporation, Limited    CTC.A   CA1366812024

CANADIAN TIRE CORPORATION, LIMITED

(CTC.A)
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Canadian Tire : Completes Acquisition of Party City's Canadian Business

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10/01/2019 | 01:31pm EST

TORONTO, Oct. 1, 2019 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.A) today announced that it has successfully closed the previously announced acquisition of Party City's Canadian business. Party City is a leading, one-stop shopping destination for party supplies and an expert in seasonal and micro-seasonal celebrations, with 65 Canadian retail stores in seven provinces.

About Canadian Tire Corporation

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey speciality store catering to elite players; and SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offers the best active wear brands. The nearly 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, Canadian Tire owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

For further information:

Media: Jane Shaw, 416-480-8581, jane.shaw@cantire.com 
Investors: Lisa Greatrix, 416-480-8725, lisa.greatrix@cantire.com 

SOURCE CANADIAN TIRE CORPORATION, LIMITED

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2019 14 730 M
EBIT 2019 1 458 M
Net income 2019 833 M
Debt 2019 5 049 M
Yield 2019 2,91%
P/E ratio 2019 11,3x
P/E ratio 2020 10,0x
EV / Sales2019 1,06x
EV / Sales2020 1,04x
Capitalization 10 632 M
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Technical analysis trends CANADIAN TIRE CORPORATION,
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 164,82  CAD
Last Close Price 144,16  CAD
Spread / Highest target 31,8%
Spread / Average Target 14,3%
Spread / Lowest Target -11,9%
EPS Revisions
Managers
NameTitle
Stephen G. Wetmore President, Chief Executive Officer & Director
Maureen Joanne Sabia Non-Executive Chairman
Dean C. McCann Chief Financial Officer & Executive Vice President
Rex William Lee Chief Information Officer & Senior Vice President
Owen G. Billes Non-Independent Director
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