05/10/2008 (1:13 am)

Canadian Tire earnings rise

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Hard goods retailer Canadian Tire Corp. has reported first-quarter net earnings of $66.7 million, up 19.8 per cent from the year-earlier period's profit of $55.7 million.

That represents 82 cents per share, up from 68 cents, the company said Thursday as it released its results ahead of its annual meeting.

Earnings excluding non-operating gains and losses were $55.2 million or 68 cents per share, a 4.9 per cent decrease from a year earlier fast cash advance loan.

Canadian Tire's retail sales rose 1.9 per cent to $1.84 billion from $1.81 billion.

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