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Canadian Tire misses revenue estimates

reuters.com · 11/11/2021 06:01
Canadian Tire misses revenue estimates

- Retailer Canadian Tire Corp Ltd CDNAF missed market expectations for quarterly revenue on Thursday, as demand for fitness goods, home furnishings and gardening tools receded from its pandemic peak.

The company's revenue fell to C$3.91 billion ($3.11 billion) in the third quarter ended Oct. 2, from C$3.99 billion a year earlier, missing analysts' estimate of C$3.97 billion, according to Refinitiv IBES.

($1 = 1.2562 Canadian dollars)

(Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra Eluri)