Hardware Retailing The Industry's Source for Insights and Information
Canadian Tire Corporation reported a 3.2% increase in comparable retail sales for the third quarter of 2026, with gains in seasonal merchandise, automotive products and e-commerce offering a look at how one of Canada’s largest hardware competitors is attracting shoppers.
The Toronto-based retailer reported total retail sales of $4.74 billion, up 4.4% from the same quarter last year. Retail sales excluding petroleum increased 1.7%, while retail revenue rose 5% to $3.89 billion, according to a recent company press release.
At Canadian Tire Retail, the company’s flagship brand and a major competitor to independent hardware stores, comparable sales increased 3.2%, supported by higher customer traffic and growth across merchandise divisions.
Living and seasonal and gardening led the gains, while automotive recorded its 25th consecutive quarter of sales growth.
Digital sales were also showing gains. E-commerce sales across Canadian Tire Corporation increased 15.3%, while online sales at Canadian Tire Retail jumped 24.8%, supported by growth in orders shipped directly to customers.
The results reflect the company’s continued emphasis on expanding shopping options and strengthening relationships with customers through its Triangle Rewards loyalty program.
Companywide loyalty sales increased 6.3% during the quarter. Triangle Rewards has close to 10 million registered members and connects customers across Canadian Tire’s retail brands, financial services and partner programs.
“Canadians continue to be thoughtful about how and where they spend, and our teams are responding with a focus on value, relevance and disciplined execution,” says Greg Hicks, president and CEO of Canadian Tire Corporation.
Investment in Retail Operations Continues
Canadian Tire is maintaining its investment plans despite consumers’ cautious spending habits.
The company expects to invest about $2 billion in operating capital expenditures from 2025 through 2028, including $450 million to $500 million during 2026.
Other company brands also reported growth. Mark’s, which sells workwear and industrial footwear, posted a 3.3% comparable sales increase, while sporting goods retailer SportChek recorded a 3.2% gain.
Retail gross margin excluding petroleum slipped 16 basis points to 35.6%, even as retail income before taxes increased to $197.9 million from $144.6 million a year earlier.
For independent hardware store owners competing in the Canadian market, the results provide a snapshot of Canadian Tire’s priorities: driving store traffic, expanding digital sales, building customer loyalty and investing in its retail operations.
Canadian Tire Corporation operates more than 1,600 retail and gasoline outlets across Canada. The company also increased its annual dividend to $7.30 per share, marking its 17th consecutive annual increase.
