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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Tire Corp | TSX:CTC | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 230.00 | 236.00 | 247.58 | 79 | 20:54:56 |
TORONTO, Aug. 8, 2019 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.A) today released second quarter results for the period ended June 29, 2019.
"Our top-line results this quarter and our continued momentum year-to-date position us well as we enter the second half of 2019. Our exclusive brands and products are clearly resonating with our customers, and through our Triangle Rewards loyalty and credit card programs they are engaging with us more often and shopping across our channels and banners, signaling the effectiveness of our growing Triangle marketplace," said Stephen Wetmore, President and CEO, Canadian Tire Corporation. "We are executing well against our ambitious growth agenda. Our latest additions of Party City's Canadian business, Paderno U.S., and several iconic bicycle brands, including Raleigh, Diamondback and Redline are perfect examples."
"Over the past year, our teams have made excellent progress on our One Company, One Customer strategy by investing in new business capabilities across CTC, including the launch of our Triangle Rewards loyalty and credit card programs, deliver-to-home at CTR, enhanced data analytics, improved digital experiences, and the addition of Helly Hansen to our consumer brands portfolio. While we will continue to make such investments to drive top-line growth, we are committed to a greater focus on bottom-line performance. High quality investments and improved operational efficiencies will help us achieve our financial aspirations as we seek to become the #1 retail brand in Canada by 2022," added Wetmore.
CONSOLIDATED OVERVIEW
RETAIL OVERVIEW
CT REIT OVERVIEW
FINANCIAL SERVICES OVERVIEW
CAPITAL EXPENDITURES
QUARTERLY DIVIDEND
SHARE REPURCHASE
To view a PDF version of Canadian Tire Corporation's full quarterly earnings report please see: https://mma.prnewswire.com/media/958096/CANADIAN_TIRE_CORPORATION__LIMITED_Canadian_Tire_Corporation_Rep.pdf
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking information that reflects management's current expectations related to matters such as future financial performance and operating results of the Company. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our anticipated financial position, results of operations and operating environment. Readers are cautioned that such information may not be appropriate for other purposes.
Certain statements other than statements of historical facts included in this press release may constitute forward-looking information, including but not limited to, statements concerning the Company's intention to repurchase Class A Non-Voting Shares in excess of the amount required for anti-dilutive purposes by the end of 2019 under the heading "Share Repurchase".
By its very nature, forward-looking information requires us to make assumptions and is subject to inherent risks and uncertainties, which give rise to the possibility that the Company's assumptions, estimates, analyses, beliefs and opinions may not be correct and that the Company's expectations and plans will not be achieved. Although the Company believes that the forward-looking information in this press release is based on information, assumptions and beliefs which are current, reasonable and complete, this information is necessarily subject to a number of factors, risks and uncertainties that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information.
For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, refer to section 2.8 (Risk Factors) of our Annual Information Form for fiscal 2018 and to sections 7.2.4 (Retail Segment Business Risks), 7.3.2 (CT REIT segment business risks), 7.4.3 (Financial Services Segment Business Risks) and 12.0 (Risks and Risk Management) and all subsections thereunder of our Management's Discussion and Analysis for the year ended December 29, 2018, as well as the Company's other public filings, available at www.sedar.com and at https://investors.canadiantire.ca.
The forward-looking statements and information contained herein are based on certain factors and assumptions as of the date hereof and do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. The Company does not undertake to update any forward-looking information, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as is required by applicable securities laws.
CONFERENCE CALL
Canadian Tire will conduct a conference call to discuss information included in this news release and related matters at 8:00 a.m. ET on August 8, 2019. The conference call will be available simultaneously and in its entirety to all interested investors and the news media through a webcast at https://investors.canadiantire.ca and will be available through replay at this website for 12 months.
ABOUT CANADIAN TIRE CORPORATION
Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands. The nearly 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, Canadian Tire Corporation owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.
FOR MORE INFORMATION
Media: Jane Shaw, jane.shaw@cantire.com
Investors: Lisa Greatrix, lisa.greatrix@cantire.com
SOURCE CANADIAN TIRE CORPORATION, LIMITED
Copyright 2019 Canada NewsWire
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