Canadian Tire Corporation Ltd
TSX:CTC.A
Gross Margin
Canadian Tire Corporation Ltd
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Canadian Tire Corporation Ltd
TSX:CTC.A
|
10.1B CAD |
34%
|
|
| AU |
|
Wesfarmers Ltd
ASX:WES
|
94.5B AUD |
35%
|
|
| US |
|
Target Corp
NYSE:TGT
|
43.4B USD |
28%
|
|
| CA |
|
Dollarama Inc
TSX:DOL
|
52.1B CAD |
45%
|
|
| US |
|
Dollar General Corp
NYSE:DG
|
24.5B USD |
30%
|
|
| US |
|
Dollar Tree Inc
NASDAQ:DLTR
|
20.7B USD |
32%
|
|
| JP |
|
Pan Pacific International Holdings Corp
TSE:7532
|
2.9T JPY |
32%
|
|
| JP |
|
Ryohin Keikaku Co Ltd
TSE:7453
|
1.8T JPY |
51%
|
|
| US |
|
Ollie's Bargain Outlet Holdings Inc
NASDAQ:OLLI
|
7.5B USD |
40%
|
|
| CN |
M
|
MINISO Group Holding Ltd
HKEX:9896
|
42.4B HKD |
45%
|
|
| AU |
|
Harvey Norman Holdings Ltd
ASX:HVN
|
6.6B AUD |
53%
|
Canadian Tire Corporation Ltd
Glance View
Canadian Tire Corporation Ltd. is a fascinating narrative of evolution within the retail landscape, a journey that ties together heritage and innovation in Canadian commerce. Founded in 1922, this corporation began as a modest tire business and gradually morphed into an indispensable player in Canada’s retail market. Its flagship brand, Canadian Tire, is known as a multifaceted retailer selling a broad range of products—from automotive parts to home goods, sports equipment, and outdoor gear. The company’s agility is evident in its strategic approach, blending physical stores with a robust e-commerce platform, ensuring it maintains a strong presence in both urban and rural areas across the country. This strategy not only captures the essence of the brand's historical roots but also pivots towards the future by adapting to changing consumer behaviors and technological advancements. Supported by a comprehensive ecosystem, Canadian Tire Corporation harnesses the synergy of its diverse brands which include Mark's, Sport Chek, Atmosphere, and PartSource. Each brand plays a critical role in the company’s growth by targeting specific market niches and drawing diverse customer segments under one corporate umbrella. Financially, the company thrives on a mixed revenue model: retail operations buttressed by a thriving financial services arm. Canadian Tire Bank offers credit-related products, becoming a vital touchpoint for consumer engagement and loyalty. The Triangle Rewards program seamlessly integrates these elements, increasing customer retention across its brands and fueling repeat purchases. This synergy not only fortifies their competitive edge but also solidifies Canadian Tire's status as a retail stalwart in Canada, adeptly navigating through challenges and maintaining its stronghold in a fragmented retail market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Canadian Tire Corporation Ltd's most recent financial statements, the company has Gross Margin of 34.1%.
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