The Globe and Mail reports in its Thursday, April 24, edition that National Bank Financial analyst Vishal Shreedhar continues to rate Canadian Tire "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar gave his share target a $3 trim to $171. Analysts on average target the shares at $160.09. When Canadian Tire reports its first quarter financial results on May 8, Mr. Shreedhar expects to see earnings per share growth driven by "positive" same-store sales gains even though the macroeconomic volatility remains a headwind. Mr. Shreedhar says in a note: "We model Q1/25 retail excluding petroleum revenue growth, reflecting positive sssg in [Canadian Tire retail], Mark's and SportChek. Management had expressed optimism regarding its early Q1/25 performance. Our understanding is that retail trends have remained solid, although management has indicated that ongoing tariff threats have impacted consumer confidence. Data from Statistics Canada indicates that retail sales in January, 2025, weighted to: (I) Canadian Tire was flattish year-over-year, (ii) Mark's increased by 6.7 per cent year-over-year and (iii) SportChek decreased by 2.1 per cent year-over-year."
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