EarningsQ2 2026 Earnings Report
CDNTF Q2 2026 EPS Results
Actual EPS$2.77
Consensus EPS$2.77
Beat/MissMissed by -<$0.01
One Year Ago EPS$2.51
CDNTF Q2 2026 Revenue Results
Actual Revenue$3.02B
Expected Revenue$3.02B
Beat/MissMissed by -$482.82K
YoY Revenue Growth+2.40%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
CDNTF Upcoming Earnings
Canadian Tire's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CDNTF Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a net-positive picture: strong headline metrics (EPS +10%), banner-level momentum (SportChek and Mark's), robust eCommerce growth and margin improvement offset weather-driven softness at Canadian Tire Retail and some timing/investment-related pressure on SG&A and inventory. Management emphasized strategic progress — AI pricing, MOSaiC customer intelligence, digital harmonization, loyalty expansion — and maintained confidence in full-year margin targets and a path to long-term growth. Short-term operational challenges (weather, dealer restocking, elevated bank SG&A and receivable dynamics) were acknowledged but framed as manageable and largely timing or environment-driven.Company Guidance
Earnings per Share Growth
Diluted normalized EPS of $3.94, up 10% year-over-year, driven by higher Retail IBT, a lower share count and a favorable blended tax rate.
Banner-Level Comparable Sales Strength
SportChek comparable sales increased 8% and Mark's comparable sales rose 4.2%; overall consolidated comparable sales were up 0.7% despite a tough prior-year comparison.
Ecommerce Outperformance
Ecommerce sales grew ~14% year-over-year (comp eCommerce sales up 12% overall; CTR eCommerce up 14%), with early success from free ship-to-home (launched May) showing higher conversion and average order values nearly double bricks-and-mortar.
Margin and Profitability Improvements
Excluding Petroleum, Retail gross margin rate was 35.1%, up 33 basis points year-over-year. Retail IBT rose 1.2% to $201 million, normalized retail EBITDA increased 2.2% to $498 million, and Retail ROIC improved to 11.1% (up 80 bps).
Financial Services Top-Line Growth and Stability
CT Financial Services GAAR grew 4.2% in the quarter; key risk metrics remained stable (aging flat at 3.3%, net write-off rate ~7.2%); allowance held at $935 million (allowance rate 11.8%).
Loyalty and Customer Engagement Gains
Triangle loyalty sales increased 3.5%; over 2 million Triangle members are active via partners; personalized offers and partnerships boosted eCTM issuance and customer reengagement.
Operational and Strategic Progress (AI & Digital)
AI pricing (DaiVID) was used to reduce prices on more than 5,000 items; MOSaiC customer intelligence platform is live and being used for 'lighthouse' initiatives (back-to-school), digital harmonization progressed (cross-banner site navigation, BNPL additions, free ship-to-home).
Capital Allocation and Share Repurchase
CapEx guidance set to $450M–$500M for 2026 (phasing changes); continued buybacks with $85M of shares repurchased in Q2; 30 store refresh projects completed in H1 with pipeline for more.
Category and Operational Wins
Automotive achieved its 24th consecutive quarter of growth; seasonal categories like patio and barbecue performed well; Mark's saw record Father's Day and strong denim/industrial footwear performance.
CDNTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed