(Compares with estimates, adds dividend and Q3 details)
Nov 10 (Reuters) - Canadian Tire Corp Ltd CTCa.TO reported a better-than-expected quarterly profit, helped by higher sales of sports gear and apparel, and the retailer increased its quarterly dividend.
Revenue in its FGL Sports brand, which sells sports and related products, rose 2.8 percent to C$606.1 million ($451.3 million) in the third quarter, from a year earlier.
Retail sales in its Mark's brand business, under which the company sells casual and work clothing and footwear, increased 3.3 percent to C$238.1 million.
The company increased its quarterly dividend to 65 Canadian cents per share from 57.5 Canadian cents.
Total retail sales, which exclude revenue generated from Canadian Tire's financial services and real estate investment trust businesses, rose 3.4 percent to C$3.52 billion in the quarter ended Oct. 1.
Canadian Tire's petroleum retail sales fell nearly 10 percent to C$429.6 million.
Excluding petroleum, total retail sales increased 5.5 percent.
Net income attributable to the company fell 11.7 percent to C$176.4 million or C$2.44 per share.
Adjusted net income attributable to the company was C$2.44 per share, above analysts' average estimate of C$2.38 per share, according to Thomson Reuters I/B/E/S.
($1 = C$1.34)