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BRIEF-Canadian Tire Corp Q3 Earnings Per Share C$3.15

Published 2018-11-08, 06:50 a/m
Updated 2018-11-08, 07:00 a/m
BRIEF-Canadian Tire Corp Q3 Earnings Per Share C$3.15

BRIEF-Canadian Tire Corp Q3 Earnings Per Share C$3.15

Nov 8 (Reuters) - Canadian Tire Corporation Ltd CTCa.TO :

* CANADIAN TIRE CORPORATION REPORTS STRONG Q3 RESULTS, INCREASES DIVIDEND 15.3% AND ANNOUNCES A NEW SHARE REPURCHASE PROGRAM

* Q3 ADJUSTED EARNINGS PER SHARE C$3.47

* Q3 EARNINGS PER SHARE C$3.15

* Q3 EARNINGS PER SHARE VIEW C$2.85 -- THOMSON REUTERS I/B/E/S

* INTENTION TO RETURN CAPITAL TO SHAREHOLDERS THROUGH REPURCHASE OF $300-$400 MILLION OF CLASS A NON-VOTING SHARES BY END OF 2019

* CONSOLIDATED RETAIL SALES INCREASED $164.2 MILLION, OR 4.4%, IN Q3

* CANADIAN TIRE RETAIL SAW RETAIL SALES INCREASE 2.4% AND COMPARABLE SALES WERE UP 2.2% DURING QUARTER

* FOR FISCAL 2019, EXPECTS ANNUAL OPERATING CAPEX TO BE WITHIN RANGE OF $475 MILLION TO $550 MILLION

* CONSOLIDATED COMPARABLE SALES UP 2.5% DURING QUARTER

* INCREASED ANNUAL DIVIDEND FROM $3.60 TO $4.15 PER SHARE ON EACH CLASS A NON-VOTING AND COMMON SHARE

* QTRLY CONSOLIDATED REVENUE $3,631.3 MILLION, UP 11.2 PERCENT

* Q3 REVENUE VIEW C$3.58 BILLION -- THOMSON REUTERS I/B/E/S

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