Canadian Tire Corp Ltd Shs -A- Non-Voting
CTC.A: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&.Dlt%@>n | LOCK|LQJ | LOCK|Y?m%BX< |
Canadian Tire Earnings: Uncertainty Remains Despite Solid Revenue Growth; Shares Overvalued
In the fourth quarter, Canadian Tire posted retail revenue growth excluding petroleum of 10.7%, driven by a comparable sales uplift of 4.2%. Retail gross margin excluding petroleum expanded 118 basis points from the prior year to 35.4%, ahead of the company's target of 35%.
