Canadian Tire posts strong second quarter earnings as sales pick up in June

TORONTO — Automotive and outdoor goods giant Canadian Tire Corp. beat analyst expectations in the second quarter amid strong sales in sporting goods and apparel, with earnings surging nine per cent.

Revenue in the period ended July 1 rose two per cent to $3.4 billion from $3.3 billion in the same period a year ago.

Net income attributable to shareholders rose to $195.2 million, or $2.81 per share, up from $179.4 million ($2.46) in the same period last year. That was above mean analyst...

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