Nov 8 Diversified retailer Canadian Tire Corp
reported lower net income on Thursday, but adjusted
earnings and revenue both rose, and the company boosted its
The firm, which sells housewares, automotive products,
sporting goods and apparel, said it would raise its quarterly
dividend 17 percent to 35 Canadian cents a share.
Net income fell to C$131.4 million ($132.0 million), or
C$1.61 a share, from C$136.5 million, or C$1.67, a year earlier.
Excluding a tax benefit in the prior year and other items,
the company said earnings rose 3.5 percent. Revenue rose 4.6
percent to C$2.83 billion.