Canadian Tire Corp Ltd Shs -A- Non-Voting

CTC.A: XTSE (CAN)
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Canadian Tire Earnings: Strong Sales Growth, but Higher Investment Unlikely to Yield Long-Term Gains

Canadian Tire posted second-quarter revenue growth of 5.3% year over year, underpinned by a 5.6% uptick in comparable sales. However, normalized EBITDA margin tightened 144 basis points to 13.2% amid increased investment. Overhead expenses rose nearly 13% to CAD 881 million.

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