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Canadian Tire reports lower Q1 profit but partners with WestJet on loyalty rewards.
Canadian Tire reported a decrease in first-quarter profit to $27.3 million, or 49 cents per share, down from $59.9 million, or $1.08 per share, last year, due to restructuring costs.
Revenue increased to $3.46 billion.
The company also announced a partnership with WestJet to integrate their loyalty reward programs, allowing members to link accounts and earn stacked rewards starting early next year.
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Canadian Tire reporta una ganancia menor en el primer trimestre, pero se asocia con WestJet en recompensas de lealtad.