Canadian Tire reports first-quarter profit and revenue down from year ago

The drop in profit came as Canadian Tire faced unseasonably mild winter weather, a slow start to spring in several regions and a fire at a key distribution centre in Ontario

says its first-quarter profit fell compared with a year ago as it faced unseasonably mild winter weather, a slow start to spring in several regions of Canada and a fire at a key distribution centre in Ontario.

Revenue for the quarter totalled $3.71-billion, down from $3.84-billion in the same quarter last year.

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