Canadian Tire Corporation (TSE:CTC.A) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$4.23b (up 8.1% from 3Q 2021).
Net income: CA$184.9m (down 24% from 3Q 2021).
Profit margin: 4.4% (down from 6.2% in 3Q 2021). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Canadian Tire Corporation Earnings Insights
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Multiline Retail industry in North America.
The company's shares are up 3.1% from a week ago.
Before you take the next step you should know about the 2 warning signs for Canadian Tire Corporation (1 doesn't sit too well with us!) that we have uncovered.
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