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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 : quarterly results beat on online sales boom

11/05/2020 | 06:37am EST

(Reuters) - Canadian Tire Corp Ltd reported better-than-expected quarterly results on Thursday, as customers bought more tools, kitchenware and gardening products online during the COVID-19 crisis.

With many customers staying indoors due to the pandemic, e-commerce has boomed this year as people order everything from furniture to food supplies and electronic gadgets online.

Canadian Tire said its online sales rose more than two-fold in the third quarter.

The automotive, home and sporting goods retailer also benefited from the reopening of its 203 Ontario stores, which helped drive same-store sales 18.9% higher.

The company's revenue rose to C$3.99 billion ($3.04 billion)from C$3.64 billion, beating analysts' estimates of C$3.82 billion, Refinitiv IBES data showed.

Excluding one-time items, Canadian Tire earned a profit of C$4.93 per share, compared with expectations of C$3.73 per share.

(Reporting by Mehr Bedi in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
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Financials
Sales 2020 14 804 M 11 544 M 11 544 M
Net income 2020 661 M 515 M 515 M
Net Debt 2020 6 215 M 4 846 M 4 846 M
P/E ratio 2020 15,3x
Yield 2020 2,71%
Capitalization 10 355 M 8 105 M 8 075 M
EV / Sales 2020 1,12x
EV / Sales 2021 1,10x
Nbr of Employees 22 439
Free-Float 98,7%
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Technical analysis trends CANADIAN TIRE CORPORATION, LIMITED
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 171,67 CAD
Last Close Price 168,22 CAD
Spread / Highest target 24,8%
Spread / Average Target 2,05%
Spread / Lowest Target -16,8%
EPS Revisions
Managers and Directors
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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