Canadian Tire sees sales up in all retail banners for fourth quarter


Canadian Tire sees sales up in all retail banners for fourth quarter
  1. Canadian Tire sees sales up in all retail banners for fourth quarter
    thestar.com
    The Toronto-based company says sales at its Canadian Tire stores rose 9.6 per cent in the three month period ending Dec.…
    Business
Canadian Tire reported strong earnings as the retailer saw sales spike across all divisions.  (Lucas Oleniuk / Toronto Star File Photo)   By The Canadian Press Thu., Feb. 16, 2017

TORONTO—Canadian Tire reported strong earnings for the fourth quarter, as the national retailer saw sales spike across all its divisions.

The Toronto-based company, which sells everything from automotive parts, to fuel, to housewares, to clothing and sporting goods, says sales at its Canadian Tirestores rose 9.6 per cent in the three month period ending Dec. 31.

Same-store sales at locations open more than a year, an important gauge in retail, was up 8.1 per cent at the Canadian Tire retail division.

Same-store sales at FGL Sports, which includes Sport Chek, was up 5.1 per cent while same-store sales at the Mark’s clothing chain was up 10.6 per cent compared with the same quarter in 2015.

Its net income attributable to shareholders climbed 10 per cent to $246.8 million, or $3.46 per diluted share, from $225.2 million, or $3.01 per diluted share, a year earlier. For the full year, net income was $669.1 million in 2016, up from $659.4 million in 2015.

Article Continued Below

Revenue for …

Canadian Tire reported strong earnings as the retailer saw sales spike across all divisions.
  1. Republican US senator: I'm open to subpoena of Trump's taxes

    Brandonsun.com - Business
    02.23 / 00:31 www.brandonsun.com
    PORTLAND, Maine - U.S. Sen. Susan Collins said on Wednesday she's open to using a subpoena to investigate President Donald Trump's tax returns for potential connections to Russia. Collins, a Republican who has served as a U.S. senator from Maine since 1997, sits on the Senate…
  2. Gucci presents otherworldly fall-winter collection in Milan

    Canada.com - Business
    02.23 / 00:03 www.canada.com
    MILAN - Milan fashion designers launched six days of fall-winter fashion previews on Wednesday, as the long-accepted runway format undergoes challenges like never…
  3. Ivanka Trump visits centre for minority-owned businesses

    Canada.com - Business
    02.23 / 00:03 www.canada.com
    WASHINGTON - Ivanka Trump has expanded her research on economic policy with a visit to a Baltimore centre for minority-owned small…
  4. NY lawmakers: Cuomo is moving to cut funds to fight cancer

    Canada.com - Business
    02.23 / 00:03 www.canada.com
    ALBANY, N.Y. - New York Gov. Andrew Cuomo is proposing a $25 million cut to programs that fight cancer, diabetes and other health…
  5. CBOT weekly outlook: December corn seen as bellwether

    Agcanada.com - Agriculture 
    02.22 / 23:43 www.agcanada.com
    CNS Canada — As traders wait for the U.S. Department of Agriculture to put out fresh acreage estimates for corn and soybeans this week some eyes have already shifted to the behaviour of certain deferred contracts in the market. “If the December (corn) contract broke above US$4 (a bushel) it would be a catalyst,” said Scott Capinegro of HighGround Trading Group in Chicago. That’s the point at which many producers expect to make money on December corn, he said. As…
  6. ICE weekly outlook: Canola sturdy, but watching beans

    Agcanada.com - Agriculture 
    02.22 / 23:43 www.agcanada.com
    CNS Canada — ICE Futures Canada canola contracts drifted lower during the week ended Wednesday, but are still holding up rather well compared to the U.S. soy complex. “Canola is very sturdy,” said Ken Ball of PI Financial in Winnipeg, noting the Canadian oilseed has gained about $55 per tonne relative to the U.S. markets over the past few weeks. “It’s a different fundamental situation in canola compared to soybeans,” he said. “In beans we have an…
  7. U.S. ethanol expected to be competitive in 2017

    Agcanada.com - Agriculture 
    02.22 / 23:43 www.agcanada.com
    San Diego | CNS Canada –– Weaker commodity prices and less international competition are expected to lend demand and profitability to the U.S. ethanol market in 2017, one analyst says. But changing political and policy environments — in the U.S. and abroad — add an element of uncertainty to the market, and the potential to hinder the flow of demand. “The central question for the ethanol industry today is how to grow demand,” said Scott Richman, senior…
  8. NY lawmakers: Cuomo is moving to cut funds to fight cancer

    Brandonsun.com - Business
    02.22 / 23:36 www.brandonsun.com
    ALBANY, N.Y. - New York Gov. Andrew Cuomo is proposing a $25 million cut to programs that fight cancer, diabetes and other health threats. The Democratic governor's administration says specific reductions, to be made by state health officials, would make health programs…
  9. Courtyard Niagara Falls Launches Heartfelt ‘Random Acts of Fun’ Campaign

    Cbj.ca - Business
    02.22 / 23:19 cbj.ca
    NIAGARA FALLS, ON–(Marketwired – Feb 22, 2017) – The Courtyard Marriott Niagara Falls is pleased to announce the launch of their heartfelt and emotive ‘Random Acts of Fun’ campaign at the Ontario hotel. It all began last summer when the Courtyard Management Team wanted to take their brand strategy “Make Room for a Little Fun”…
  10. Surrey Bancorp Reports 2016 Earnings of $3,596,628

    Cbj.ca - Business
    02.22 / 23:19 cbj.ca
    MOUNT AIRY, NC–(Marketwired – February 22, 2017) – Surrey Bancorp (the “Company”) (OTC PINK: SRYB), the holding company for Surrey Bank & Trust, today reported earnings for the fourth quarter of 2016 and the full year. For the quarter ended December 31, 2016, net income totaled $895,499 or $0.21 per fully diluted share, compared with…
  11. Niagara Falls Marriott Puts Guests Right Next To The Fireworks

    Cbj.ca - Business
    02.22 / 23:19 cbj.ca
    NIAGARA FALLS, ON–(Marketwired – Feb 22, 2017) – For the first time, Niagara Falls Fireworks will move to daily displays five days a week this spring, summer and early fall season, in addition to special holiday editions throughout the year. The Niagara Falls Marriott on the Falls hotel puts guests front and center for the…
  12. Star Bulk Carriers Corp. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2016

    Cbj.ca - Business
    02.22 / 23:19 cbj.ca
    ATHENS, GREECE–(Marketwired – Feb 22, 2017) – Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (NASDAQ: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter and year ended December 31, 2016. Financial Highlights (Expressed in thousands of U.S.…
  13. Ocean Rig UDW Inc. Reports Financial and Operating Results for the Fourth Quarter 2016

    Cbj.ca - Business
    02.22 / 23:19 cbj.ca
    GRAND CAYMAN, CAYMAN ISLANDS–(Marketwired – Feb 22, 2017) – Ocean Rig UDW Inc. (NASDAQ: ORIG), or Ocean Rig or the Company, an international contractor of offshore deepwater drilling services, today announced its unaudited financial and operating results for the quarter ended December 31, 2016. Fourth Quarter 2016 Financial Highlights For the fourth quarter of 2016,…
  14. U.S. livestock: Hogs tumble on pork price declines

    Agcanada.com - Agriculture 
    02.22 / 23:15 www.agcanada.com
    Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell 3.8 per cent for their biggest daily loss in about a month on Wednesday, pulled down by investment fund selling tied to lower cash hog and wholesale pork prices, traders said. Live cattle futures rose, extending gains to the fourth straight session on support from higher cash cattle prices, while feeder cattle futures were about flat. Front-month CME April hogs tumbled 2.6 cents to 67.75 cents/lb., their lowest…
  15. U.S. grains: Soy at three-week low on South America crops

    Agcanada.com - Agriculture 
    02.22 / 23:15 www.agcanada.com
    Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday and posted a fourth straight daily decline on strong South American harvest prospects and a lack of supportive news, analysts said. Corn and wheat futures closed higher as traders awaited direction from a U.S. Department of Agriculture forum this week in which the government will offer forecasts on what U.S. farmers will plant this spring. Chicago Board of Trade March soybeans settled down 3-1/2 cents at…
  16. Toronto realtors warned on handling of pre-emptive offers in red-hot market

    Thestar.com - Business
    02.22 / 23:11 www.thestar.com
    There’s one more worry for anxious house-hunters: getting sellers to notify them when a bully bid pre-empts the offer date and they are left on the outside looking i…
  17. Final Wall Street figures: Dow closes up 32.60 to 20,775.60, a record high

    Brandonsun.com - Business
    02.22 / 23:10 www.brandonsun.com
    A snapshot of major stock and commodities market indicators Wednesday: 1,297 advances, 1,634 declines Most Active: Bank of America 24.79 +0.01 Comp Sales: 3,360,803,559 Arca Comp Sales: 1,028,888,463 1,115 advances, 1,682 declines Most Active: Adv Micro Dev 14.28 +0.28 Nasdaq…
  18. How major US stock market indexes fared on Wednesday

    Canada.com - Business
    02.22 / 23:10 www.canada.com
    US stocks ended mostly lower Wednesday, but the Dow notched its 9th straight gain. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals will win approval from…
  19. Paramount Pictures CEO leaving after 12 years

    Canada.com - Business
    02.22 / 23:10 www.canada.com
    NEW YORK, N.Y. - Paramount Pictures Chairman and CEO Brad Grey is leaving the movie studio after 12 years at the…
  20. LePage asks Trump 'to make Maine woods great again'

    Canada.com - Business
    02.22 / 23:10 www.canada.com
    PORTLAND, Maine - The governor has asked Republican President Donald Trump to undo Democratic former President Barack Obama's designation of a national monument and give back the land that was donated for…