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Canadian Tire reports a 138% jump in Q4 profit to $411.5M, despite a yearly revenue dip.
Canadian Tire reported a significant increase in fourth-quarter profit in 2024, with net income up 138% to $411.5 million compared to the same period in 2023.
Revenue grew to $4.51 billion, a slight increase from the previous year.
Despite a rise in retail sales and comparable sales growth at Canadian Tire and SportChek stores, the company's full-year revenue declined by 1.8%.
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Canadian Tire reporta un aumento del 138% en el beneficio del Q4 a $411,5M, a pesar de una caída anual de los ingresos.