Topic: How To Invest

The Successful Investor Hotline – Friday, August 10, 2018

Article Excerpt

CANADIAN TIRE CORP., $166.10, Toronto symbol CTC.A, owns 501 Canadian Tire stores. They sell automotive parts and products, and household and sporting goods. Franchisees run most of the outlets. The company’s other operations include 297 gas stations and 106 PartSource locations; those stores are entirely focused on automobile supplies. In the past few years, Canadian Tire has acquired other major retail chains: Mark’s sells casual and work clothing through 386 stores; and the Forzani Group sells sporting goods and athletic wear through 408 outlets, including Sport Chek and Sports Experts. The company reported lower-than-expected earnings this week, mainly because it’s spending more on its stores and e-commerce operations. That miss caused the stock to drop 6%. Canadian Tire’s overall sales in the three months ended June 30, 2018, rose 3.2%, to $3.48 billion from $3.37 billion a year earlier. Overall same-store sales improved 1.6%. In the quarter, same-store sales at the company’s Canadian Tire department stores rose 2.0% on higher demand for seasonal products…

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