In addition to its 650 owned and operated stores, CTC has another 750 stores operated by franchisees or third-party dealers, including such brands as 383 Mark’s Work Warehouse stores and 371 SportChek stores.
It also has bought several well-regarded brands including outerwear producer Helly Hansen in 2019, which it subsequently sold for $1.27 billion this year, and hockey equipment maker Sherwood. Own brand sales excluding Helly Hansen are now 37% of its total sales. CTC also owns 68% of CT REIT (TSX: CRT.U), an Income Investor recommendation which owns 333 of the 502 corporate-owned Canadian Tire stores.
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I recommended buying CTC in early 2024 after shares had hit a five-year low on disappointment over the 2023 results. Subsequently, it rose almost 50%, to $194.30, in July 2025 as results strongly rebounded, before reporting what were regarded as disappointing second quarter results this year. This was despite second-quarter SSSG climbing 5.6% and total sales rising 5.2%, to $4.2 billion. The shares are now at $169.50.
CTC remains well positioned amongst Canadian retailers with its wide range of essential items complemented by seasonal products. It is increasing its own brand share and making value-added initiatives such as the acquisition of the Hudson Bay coat of arms and stripes, and linking its Triangle Rewards program to RBC and WestJet’s loyalty programs. Its low price/earnings ratio of 11.8 and sustainable dividend mean it’s a Buy at the current price. - Gavin Graham
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CTC.A was first recommended here on June 13, 2011