NEWS
Canadian Tire reports Q1 profit and revenue gains
Retailer's earnings climb as revenue reaches $3.57 billion in first quarter.
Canadian Tire Corp., Ltd. reported its first-quarter profit rose compared with a year ago as its revenue also climbed higher. The retailer reported net income of $129.5 million or $2.02 per diluted share for the quarter ended April 4, up from $56.9 million or 67 cents per diluted share a year earlier. Revenue for the quarter totalled $3.57 billion, up from $3.46 billion a year earlier.