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Canadian Tire Corp Ltd (TSE:CTC)
TSX:CTC
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.29Last Year’s EPS
3.38Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 4.09%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlights Canadian Tire's strong performance in loyalty program engagement, EPS growth, and technology improvements, but also notes challenges in retail revenue, discretionary spending, and economic uncertainties.Company Guidance
During the Canadian Tire Corporation's Q3 2024 earnings call, the company reported a normalized diluted EPS of $3.59, marking a 21% increase from the previous year. The call highlighted several key metrics: loyalty sales outperformed non-loyalty sales, with Triangle Rewards program penetration reaching a two-year high, and redemption of Canadian Tire money increased by 10.1%. Retail revenue declined by 1.8% to $3.8 billion, attributed partly to an 8% drop in petroleum revenues. Despite these challenges, retail gross margin rate improved to 35.7%, up 62 basis points. The company also achieved a $300 million reduction in inventory, and Canadian Tire Financial Services saw a 3% growth in receivables. Looking ahead, the company expects balanced capital allocation with operating capital spend projected between $525 million and $575 million for 2025, alongside plans to repurchase up to $200 million of shares.EPS Growth
Normalized diluted EPS of $3.59, up 21% compared to the same quarter last year, driven by improved retail profitability.
Loyalty Program Success
Triangle Rewards program showed strong performance with loyalty sales stronger than non-loyalty sales. Loyalty sales at Sport Chek and Mark's were up 12% and 6%, respectively.
Innovative Partnerships
Over 300,000 Canadians linked their Triangle Rewards and Petro-Points accounts, contributing to a 10% incremental spend per linked member and $33 million in incremental sales.
Technology and Efficiency Improvements
Implemented modern cloud-based technology to support transportation management and Triangle Loyalty program, enhancing data insights and promotions.
Cost Control and Cash Generation
Retail SG&A was managed tightly, staying within $6 million of last year. Cash generated from operations was up by more than $700 million year-to-date.
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TSE:CTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$220.00 | C$228.01 | +3.64% |
| Aug 08, 2024 | C$200.47 | C$207.84 | +3.68% |
| May 09, 2024 | C$240.42 | C$240.83 | +0.17% |
| Feb 15, 2024 | C$238.51 | C$238.41 | -0.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canadian Tire Corp Ltd (TSE:CTC) report earnings?
Canadian Tire Corp Ltd (TSE:CTC) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Canadian Tire Corp Ltd (TSE:CTC) earnings time?
Canadian Tire Corp Ltd (TSE:CTC) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CTC EPS forecast?
TSE:CTC EPS forecast for the fiscal quarter 2024 (Q4) is 4.29.
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