US EditionCanadian Tire Q1 profit down from year ago due to restructuring costs
- On May 8, 2025, Canadian Tire Corp. Ltd. Announced a decline in its profit for the first quarter, recording net income from continuing operations of $27.3 million in Canada.
- The profit decrease stemmed from restructuring costs, causing net income from continuing operations to fall from $59.9 million one year earlier.
- Revenue rose to $3.46 billion from $3.33 billion last year, while net income from discontinued operations totaled $9.9 million this quarter.
- On a normalized basis, Canadian Tire’s earnings from continuing operations rose to $2.00 per diluted share, compared to $1.08 per diluted share in the previous year.
- The company announced a partnership with WestJet starting early next year to link their loyalty programs and allow members to earn stacked rewards.
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Shoppers 'more resilient' in face of tariffs than Canadian Tire CEO expected
TORONTO — Canadian Tire Corp. Ltd. reported its first-quarter profit fell compared with a year ago as it was hit by restructuring costs. The retailer says its net income attributable to shareholders from continuing operations amounted to $27.
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