Topic: How To Invest

The Successful Investor Hotline – Friday, August 5, 2016

Article Excerpt

CANADIAN TIRE CORP., $143.00, Toronto symbol CTC.A, owns 501 Canadian Tire stores. They sell automotive, household and sporting goods. Franchisees run most of the outlets. The company’s other operations include 296 gas stations and 91 PartSource locations—stores focused on automobile supplies. In the past few years, the company has acquired other major retail chains: Mark’s sells casual and work clothing through 381 stores; and the Forzani Group sells sporting goods and athletic wear through 429 stores, including Sport Chek and Sports Experts. In the three months ended July 2, 2016, the company’s sales rose 2.9%, to $3.35 billion from $3.26 billion a year earlier. That beat the consensus forecast of $3.31 billion. Overall same-store sales improved 3.4%. Same-store sales at the company’s Canadian Tire outlets rose 2.9%. That was mainly due to strong demand for seasonal goods such as gardening tools and camping equipment. These gains helped offset weaker sales in Alberta. Same-store…