Strong Loyalty Engagement
The company reported an increase in loyalty engagement with over 7 million members shopping their banners, marking a 3% increase.
Earnings Per Share Growth
Diluted earnings per share grew nearly 7%, reflecting strong margin management and operational performance.
Record Revenue Growth in CTR and SportChek
Retail revenue, excluding Petroleum, was up close to 6%, driven by CTR dealer restocking ahead of Q4 and solid sales growth across banners. SportChek had a notable 4.2% increase in comparable sales.
AI Pricing Tool Success
The AI pricing tool, DAVID, is helping analytically engineer promotional programs and optimize regular pricing, contributing significantly to margin performance.
Triangle Rewards Program Expansion
The Triangle Rewards program expanded with notable partnerships, including Petro-Canada and Tim Hortons, driving significant member engagement and incremental sales.
Strong Retail Gross Margin
Excluding Petroleum, retail gross margin dollars were up nearly 8%, and the margin rate improved by 57 basis points year-over-year.
Shareholder Returns and Capital Allocation
The company completed a $400 million share repurchase program and announced plans to repurchase up to $400 million more by the end of 2026, alongside a dividend increase.