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Canadian Tire (CTC) investor relations material
Canadian Tire Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2026 delivered strong results with normalized diluted EPS up 10.4% to $3.94 and reported EPS at $3.65, driven by higher net income, lower share count, and operational agility amid soft consumer sentiment and challenging weather.
Strategic focus on loyalty, digital, and new store concepts, including AI-powered customer insights and expanded partnerships, drove outperformance, especially at Mark's and SportChek.
Value-driven strategies included over 5,000 price drops and expanded personalized loyalty offers, boosting Triangle loyalty sales by 3.5%.
E-commerce sales grew 14% year-over-year, outpacing bricks-and-mortar, supported by digital harmonization and free shipping for loyalty members.
The True North strategy advanced with increased loyalty engagement, digital integration, and new store concepts.
Financial highlights
Q2 2026 consolidated revenue rose 2.4% year-over-year to $4,302.9M; retail sales (excluding petroleum) up 2.5%; overall comparable sales up 0.7%.
Net income from continuing operations increased 13.8% to $214.2M; diluted normalized EPS was $3.94, up 10% year-over-year.
Retail IBT up 1.2% to $201 million; normalized retail EBITDA up 2.2% to $498 million; EBITDA for Q2 2026 was $547.1M, up 6.3%.
Retail ROIC improved 80 bps to 11.1% year-over-year.
Retail SG&A was $769.2 million, down 1.3% year-over-year; SG&A as a percentage of revenue (ex-petroleum) stable at 23.3%.
Outlook and guidance
Early Q3 sales growth observed as weather normalized; planning for growth in the back half of the year on a 52-week basis.
CapEx for 2026 guided to $450–500 million, revised down from $500–550 million, reflecting timing shifts and capital discipline.
Expect some moderation at SportChek as it cycles strong prior-year events; margin rate target of 35%+ maintained despite Q3 headwinds from fuel surcharges.
The Triangle Rewards program will add a fourth partner in fall 2026, expanding member engagement.
Continued rollout of new store concepts and Destination Sport stores planned for the second half of 2026 and into 2027.
- Warm weather and MSA timing drove sharp earnings declines as Q4 normalized EPS fell to $3.38.CTC
Q4 2023 - All motions passed as the company delivered strong results and advanced its transformation strategy.CTC
AGM 2026 - Revenue up 3.3%, EPS $2.02, retail ROIC 10.9%, and $60.1M in shares repurchased.CTC
Q1 2026 - Sustained growth, digital innovation, and strong loyalty drive long-term value and market leadership.CTC
Investor presentation - Strong sales, margin gains, and capital returns marked a transformative 2025.CTC
Q4 2025 - Cautious consumer trends persist, but data-driven strategies and investments support future growth.CTC
Fireside Chat - EPS rose to $3.56 as margin discipline and loyalty gains offset lower sales.CTC
Q2 2024 - True North strategy and new partnerships drive transformation amid strong financial recovery.CTC
AGM 2025 - Normalized EPS up 21.7% to CAD 12.62, with strong retail and loyalty gains in Q4.CTC
Q4 2024
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