Canadian Tire reports Q1 profit and revenue up from year ago

Shoppers come and go from a Canadian Tire store in Ottawa. THE CANADIAN PRESS/Sean Kilpatrick

TORONTO — Canadian Tire Corp., Ltd. reported its first-quarter profit rose compared with a year ago as its revenue also climbed higher.

The retailer reported net income of $129.5 million or $2.02 per diluted share for the quarter ended April 4, up from $56.9 million or 67 cents per diluted share a year earlier.

On a normalized basis, Canadian Tire says it earned $2.02 per diluted share, up from a normalized profit of $2.00 per diluted share in the first quarter of 2025.

Revenue for the quarter totalled $3.57 billion, up from $3.46 billion a year earlier.

Overall comparable sales were down 1.0 per cent as growth at SportChek and Mark’s was offset by a decline at Canadian Tire.

Canadian Tire comparable sales fell 2.3 per cent, while SportCheck comparable sales rose 3.3 per cent. Mark’s comparable sales added 1.2 per cent.

This report by The Canadian Press was first published May 14, 2026.