eCommerce Drives Canadian Tire Corporation Sales

With strong in-store and eCommerce performance, Canadian Tire Corporation, Limited delivered comparable sales growth of 18.9 per cent in the third quarter of this year compared to the same period last. Its retail segment led the way, delivering 25.1 per cent comparable sales growth, reflecting strong demand across all product categories and owned brands sales growth of 28 per cent. eCommerce sales reached $1 billion year to date, an increase of $700 million, or 211 per cent, compared to 2019. eCommerce penetration rates more than doubled 2019 levels. Consolidated retail sales increased $510.1 million or 13.1 per cent in the third quarter. Excluding petroleum, consolidated retail sales were up $635 million or 19.1 per cent over the same period last year. Consolidated revenue increased $349.7 million, or 9.6 per cent.