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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 : posts wider-than-expected quarterly loss as virus hits retail segment

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08/06/2020 | 06:59am EDT
The Canadian Tire logo is seen in Ottawa

Canadian Tire Corp Ltd posted a wider-than-expected quarterly loss on Thursday, as coronavirus-led closures at its Mark's, Sport Chek and Helly Hensen stores hit its retail segment.

The automotive, home and sporting goods retailer closed all its 203 namesake stores in Ontario and focused heavily on its online business in the second quarter, as consumers stayed at home following government-imposed restrictions.

E-commerce, however, was a bright spot for the 98-year-old retailer during the quarter, rising 400% and helping it offset some losses at its retail segment as more consumers shopped online. The segment posted a 15.2% decline in revenue.

Lower transaction fee revenue brought on by a decline in credit-card sales also hit the company's financial services segment, whose income nearly halved.

Excluding one-time items, the company reported a loss of 25 Canadian cents per share, while analysts on average expected a loss of 10 Canadian cents, according to IBES data from Refinitiv.

Revenue fell 14.2% to C$3.16 billion, above Street estimates of C$2.95 billion.

(Reporting by Mehr Bedi and Praveen Paramasivam in Bengaluru; editing by Uttaresh.V)


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Financials
Sales 2020 14 376 M 10 948 M 10 948 M
Net income 2020 493 M 375 M 375 M
Net Debt 2020 6 074 M 4 625 M 4 625 M
P/E ratio 2020 21,8x
Yield 2020 2,99%
Capitalization 9 438 M 7 191 M 7 188 M
EV / Sales 2020 1,08x
EV / Sales 2021 1,04x
Nbr of Employees 22 439
Free-Float 94,1%
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Technical analysis trends CANADIAN TIRE CORPORATION, LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 138,83 CAD
Last Close Price 152,19 CAD
Spread / Highest target 10,4%
Spread / Average Target -8,78%
Spread / Lowest Target -35,6%
EPS Revisions
Managers
NameTitle
Greg Hicks President, Chief Executive Officer & Director
Maureen Joanne Sabia Non-Executive Chairman
Gregory Craig 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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