Canadian business news: Canadian Tire Q3 profit jumped 36% as shoppers hunting for value kept spending, and the retailer rewarded shareholders with a 17th straight annual dividend increase.
Canadian Tire Q3 profit reached $4.27 a share, up 36.4% from $3.13 a year earlier, on revenue of $4,324.2 million. Retail sales rose 4.4%, comparable sales rose 3.2% led by Petroleum, and the annual dividend rises to $7.30 a share from $7.20.
By Maplestime News Desk | Winnipeg, Manitoba | November 12, 2026
Sources: CNW Group, The Canadian Wire | Last updated: November 12, 2026
Key Takeaways
- Canadian Tire Q3 diluted earnings per share from continuing operations of $4.27, up $1.14 or 36.4% from $3.13 in the third quarter of 2025.
- Revenue of $4,324.2 million, up from $4,105.8 million a year earlier, and retail sales of $4,742.8 million, up 4.4%.
- Retail comparable sales up 3.2%, led by Petroleum, with loyalty sales up 6.3% and eCommerce sales up 15.3%.
- SportChek comparable sales up 3.2%, a ninth straight quarter of growth, and Mark’s up 3.3%, an eighth straight, while Automotive marked a 25th consecutive quarter of sales growth.
- Annual dividend raised to $7.30 a share from $7.20, a 17th consecutive annual increase, with a quarterly dividend of $1.825 declared November 11 and payable March 1, 2027.
- Canadian Tire Q3 earnings of $4.27 beat the $3.78 consensus estimate, and the earnings call runs at 8:00 a.m. ET today.
What drove the Canadian Tire Q3 profit jump?
Value hunting, plain and simple. Chief executive Greg Hicks said Canadians continue to be thoughtful about how and where they spend, and the company’s teams are responding with a focus on value, relevance and disciplined execution. The numbers back him up. Retail comparable sales rose 3.2%, led by Petroleum, loyalty sales rose 6.3% and eCommerce sales jumped 15.3%, with Canadian Tire Retail eCommerce up 24.8%.
The banners all pulled their weight. SportChek comparable sales rose 3.2%, its ninth straight quarter of growth, Mark’s rose 3.3%, its eighth straight, and Automotive delivered a 25th consecutive quarter of sales growth. Consolidated income before taxes reached $319.4 million, up 27.8%, and Financial Services income before taxes rose to $99.2 million from $84.4 million a year earlier.
Hicks also pointed to early success from the partnership with Tims Rewards, a sign the company is finding new ways to keep loyal shoppers coming back without cutting prices to the bone.
Related: UBS Canada Growth Forecast 2027 — Economy Set To Nearly Double Its Speed
Canadian Tire Gas Bar and store on Main Street, Hamilton, Ontario. Photo: JFVoll, CC BY-SA 4.0, via Wikimedia Commons
How much is the dividend worth now?
The annual dividend rises to $7.30 a share from $7.20, an increase of about 1.4% and the 17th consecutive annual increase. The quarterly dividend of $1.825 was declared November 11, 2026, and is payable March 1, 2027 to shareholders of record on January 31, 2027.
The Canadian Tire Q3 dividend increase is modest, about 1.4%, but a 17 year run of dividend increases is a statement in itself. It tells shareholders the board trusts the cash flow, even in a quarter where shoppers are watching every dollar. The streak is the point: Canadian Tire has now raised its payout every year for nearly two decades.
What did shoppers actually buy?
Petroleum led the comparable sales gain, which fits a quarter where drivers kept filling up and the forecourt kept drawing traffic into the store. Behind that, the growth was broad: loyalty members spent more, online orders surged by nearly a quarter at the core retail banner, and the sporting goods and apparel banners kept their long growth streaks alive.
The Canadian Tire Q3 period ended October 3, 2026, and the results were announced today, November 12, by Canadian Tire Corporation, listed on the Toronto Stock Exchange as CTC and CTC.A. Normalized earnings per share were also $4.27, up 13.0% from $3.78 a year earlier. Analysts had expected $3.78, so the reported $4.27 beat expectations by 49 cents.
Frequently Asked Questions
How much did Canadian Tire earn in the third quarter?
Canadian Tire Q3 diluted earnings per share from continuing operations were $4.27, up 36.4% from $3.13 a year earlier, on revenue of $4,324.2 million.
What is the new Canadian Tire dividend?
The annual dividend rises to $7.30 a share from $7.20, the 17th consecutive annual increase. The quarterly dividend of $1.825 is payable March 1, 2027 to shareholders of record on January 31, 2027.
Which Canadian Tire banners grew fastest?
Canadian Tire Q3 retail comparable sales rose 3.2% led by Petroleum, eCommerce sales rose 15.3%, SportChek grew for a ninth straight quarter and Mark’s for an eighth straight, while Automotive marked 25 straight quarters of sales growth.
The old Toronto Stock Exchange building on Bay Street, Toronto. Photo: Halava, CC BY-SA 3.0, via Wikimedia Commons
Maplestime will provide updates from this Canadian Tire earnings story as announcements are made.
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If shoppers are this careful with every dollar, is a 17 year dividend streak proof of strength or a habit that is hard to break? Tell us in the comments. And share this with every Canadian Tire shareholder and bargain hunter you know.
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