Canadian Tire Corp Ltd Shs -A- Non-Voting
CTC.A: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|R.@q$@X>? | LOCK|Rk | LOCK|bg<<rS |
Canadian Tire Earnings: Strong Top-Line and Gross Margin Performance, but Shares Fairly Valued
Canadian Tire posted third-quarter retail revenue growth of 5.9% year over year, excluding petroleum and underpinned by a 1.8% uptick in comparable sales. Retail gross margin excluding petroleum expanded 57 basis points to 35.8%, ahead of its North Star target of about 35%.
