Canadian Tire Corp Ltd Shs -A- Non-Voting
CTC.A: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|y.^%Hl>K$ | LOCK|cpr | LOCK|%<>^<P^ |
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.
