Canadian Tire Corp Ltd (STU:YAAA)
€ 104.9 0.5 (0.48%) Market Cap: 6.03 Bil Enterprise Value: 11.28 Bil PE Ratio: 23.04 PB Ratio: 1.54 GF Score: 90/100

Q1 2019 Canadian Tire Corporation Ltd Earnings Call Transcript

May 09, 2019 / 12:00PM GMT
Release Date Price: €97.56 (-2.93%)
Operator

Good morning. My name is Valerie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Canadian Tire Corporation Limited First Quarter Results Conference Call. (Operator Instructions) This morning, Canadian Tire Corporation Limited released their financial results for the first quarter of 2019. A copy of the earnings disclosure is available on their website and includes cautionary language about forward-looking statements, risks and uncertainties, which also apply to the discussion during today's conference call.

I would now like to turn the call over to Stephen Wetmore, President and CEO. Steven?

Stephen G. Wetmore
Canadian Tire Corporation, Limited - CEO, President & Non-Independent Director

Thank you, operator, and good morning, everyone. Thank you for joining us. As you know, Q1 is the smallest quarter for retail and in fact in the past 5 years, it's contributed on average only 4% to retail's full-year earnings and this year will be no exception. However, the year is off to a great start as we

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