US EditionCanadian Tire Sees Q2 Profit Drop on Higher Expenses as Revenue Rises
- Canadian Tire Corp. Ltd. reported a second-quarter profit drop with a net income of $168.2 million, down from $207.7 million a year ago.
- The company attributes the profit decrease to the completion of its Helly Hansen sale and expenses from its True North transformation program.
- Canadian Tire reported a revenue increase of about five percent, totaling $4.2 billion, up from $4.0 billion in the same period last year.
- Net income from discontinued operations resulted in a loss of $56.1 million, compared to a loss of $8.9 million last year.
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14 Articles
14 Articles
Canadian Tire announced a decrease in its second quarter profit compared to the previous year, but an increase in its sales of approximately 5%.
·Montreal, Canada
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Winnipeg Free Press+9 Reposted by 9 other sources
Canadian Tire sees Q2 profit drop on higher expenses as revenue rises
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources14
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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