eCommerce Leads Canadian Tire Sales

Canadian Tire Corporation, Limited consolidated retail sales increased $506.9 million, or 11.6 per cent in the second quarter over the same period in 2020. Excluding petroleum, consolidated retail sales were up 8.2 per cent over the year-ago period. Consolidated revenue increased $756.7 million, or 23.9 per cent year-over-year. Excluding petroleum, consolidated revenue increased 20.4 per cent. The company’s retail segment revenue increased $773.4 million, or 27.1 per cent year-over-year. Excluding petroleum, retail segment revenue increased 23.4 per cent. Canadian Tire Retail sales increased 1.9 per cent with comparable sales down 2.0 per cent. Income before taxes increased $274.8 over the same period in 2020. Canadian Tire Retail had record eCommerce sales of more than $600 million for the quarter, an increase of 63.2 per cent over sales in the second quarter of 2020.