CTC has a December 31 year end. The Shareholder report for the year ended December 31, 2016 indicates revenue growth of 3.3%, leading to Net Income growth of 1.6%. EPS (Earning Per Share), which is a key metric breaks down a company’s profit on a per share basis in order to give investors a real profitability measure, grew 6.8%. In October of 2014, CTC announced their three-year growth strategy and financial aspirations for 2015 to 2017. This revenue growth is due primarily to same-stores sales growth at Canadian Tire, Marks, and FGL Sports banners. In addition to same-stores sales growth, CTC increased the number of stores with two new Marks stores and two new Canadian Tire Stores. CTC also took advantage of the withdrawal of Target from the …show more content…
For 2016, they meet or exceeded three of these. Canadian Tire retail sales grew 5.6% vs. an aspiration of 3%, Marks grew 6% vs. a 5% aspiration, and Financial Services return on receivables grew 7.43% vs. a 6% aspiration. FGL Sports, which had an aggressive aspiration of 9%, only achieved 6.9% growth due to unseasonable warm weather in Q4 of 2016. Diluted EPS and Return on Capital are also tracking towards their three-year aspiration, with EPS growth of 7.8% vs. an aspiration of 8-10% and Return on Capital growth of 8.34% vs. an aspiration of 9%. In addition to these three-year aspirations, CTC also had strategic imperatives specific to 2016 such as Strengthen Brands and Enhance Customer Experiences, Transitioning to ‘Omni-Retail’ (where digital retail complements the physical or in-store retail capabilities), Driving Growth and Productivity in Core Businesses, and Creating an Agile and High Performing Corporate Culture. Each of these metrics are reported on in the Shareholder report and in all instances, the final assessment was that CTC successfully achieved each of these strategic imperatives. One area where CTC has always excelled is Community