Canadian Tire profit falls 30% even as sales gain despite inflationary pressures

Canadian Tire reported earnings per share in the latest quarter of $2.45, down from $3.68 in the same period a year earlier

and to pulling its Helly Hansen business out of Russia, and hiked its expected credit loss provision for loans in its financial services segment.

Excluding efficiency costs and $33.4-million related to the Russia exit, the company said normalized net income attributable to shareholders was $185.8-million or $3.11 per share.

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