Canadian Tire Corporation Limited operates in the Department stores sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Canadian Tire Corporation Limited with three other
department stores in North America:
Kohl's Corporation
of UNITED STATES
(2020
sales of $15.96 billion
of which 24%
was Women's),
Burlington Stores Inc
of UNITED STATES
($5.76 billion
of which 100%
was Retail), and
Macy's Inc
which is
also
based in UNITED STATES
($18.10 billion
of which 100%
was Retail Sales).
Sales Analysis.
During the second
quarter of 2021, sales at Canadian Tire Corporation Limited totalled
C$3.92 billion.
This is
an increase of 23.9%
from the C$3.16 billion in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Canadian Tire Corporation Limited in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled C$7.24 billion, which is
20.5% higher
than through the first two quarters of 2020.
Sales at Canadian Tire Corporation Limited appear to have some seasonality: during each of the previous 9
years, sales have been highest during the fourth quarter, which has accounted for
between 27.5% and 32.8%
of the annual
sales.
Canadian Tire Corporation Limited reported sales of C$14.87 billion (US$11.65 billion)
for the
year ending
December of 2020.
This
represents
an
increase of 2.3%
versus 2019, when the company's sales were C$14.53 billion.
Sales at Canadian Tire Corporation Limited have increased during each of the previous five years
(and since 2015, sales have increased a total of 21%).
Sales of Ct Reit saw an increase
that was more than double the company's growth rate: sales were up
2,242.4% in 2020, from
C$51.60 million to C$1.21 billion.
Canadian Tire Corporation Limited also saw significant increases in sales in
Retail (up 3.1% to C$13.62 billion)
.
Not all segments of Canadian Tire Corporation Limited experienced an increase in sales in 2020:
sales of Financial Services fell 95.8% to C$53.70 million.