Retailer Canadian Tire's adjusted profit falls 8 pct

Thu Aug 13, 2015 8:11am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Aug 13 (Reuters) - Retailer Canadian Tire Corp's quarterly profit fell 8 percent as sales growth slowed in its sports gear and apparel wear stores and as expenses rose.

Adjusted net income attributable to the company fell to C$166 million ($127.63 million), or C$2.15 per share from C$180.8 million, or C$2.26 per share, a year earlier.

The company's retail sales rose 3.8 percent to C$3.86 billion in the second quarter ended July 4. Retail sales had increased 4.8 percent a year earlier. ($1 = C$1.3) (Reporting by Sneha Banerjee in Bengaluru; Editing by Savio D'Souza)