Topic: How To Invest

The Successful Investor Hotline – Friday, June 6, 2025

Article Excerpt

CANADIAN TIRE CORP., $177.30, Toronto symbol CTC.A, is a buy. The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook. They include 169 stores operating under the PartSource (auto parts) and Party City (party supplies) banners. Canadian Tire has several other major retail chains: Mark’s sells casual and work clothing through 383 stores; and the Sport Chek Group sells sporting goods and athletic wear through 368 outlets, mainly under the Sport Chek and Sports Experts banners. The company has now sold its Helly Hansen business, which makes outerwear, including clothing for activities such as skiing and sailing, to Kontoor Brands Inc. (New York symbol KTB). It received roughly $1.28 billion, which is 29.5% more than the $985 million it paid for Helly Hansen in July 2018. Canadian Tire is using $30 million of that cash to buy the intellectual property of the…