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CANADIAN TIRE Canadian Tire Corporation Delivers Strong Third Quarter Comparable Sales , Announces 12th Consecutive Annual Dividend Increase and Reinstatement of • • Share Repurchase Program Diluted Earnings Per Share ( EPS ) was $ 3.97 ; normalized diluted EPS was $ 4.20 per share Consolidated comparable sales were up 3.3 % vs 2020 and up 21 % vs 2019 Annual dividend to be increased 10.6 % to $ 5.20 per share , reflecting 12 years of consecutive increases , and share buybacks resumed with intention to repurchase up to $ 400 million Class A Shares Toronto , November 11 , 2021 - Canadian Tire Corporation , Limited ( TSX : CTC , TSX : CTC.A ) today released its third quarter results for the period ended October 2 , 2021 . " I am pleased with our results this quarter as we delivered exceptional sales growth against 2019 and strong growth against 2020. Our customers continue to connect with us in - store and online and our eCommerce sales remain at twice pre - pandemic levels , demonstrating the success of our strengthened omni - channel capabilities across our banners , " said Greg Hicks , President and CEO , Canadian Tire Corporation . “ Our strong supply chain capabilities have put us in an excellent inventory position as we head into the important fourth quarter . We are well - positioned through our unique multi - category assortments to deliver the products our customers need as they prepare to celebrate the holiday season . " " I am proud of the work the team has delivered to achieve our previously committed operating efficiency target of $ 200 + million in annualized savings ahead of schedule , as we continue to prove our ability to transform our Company and invest to modernize our business . We see the path to an additional $ 100 million in savings through 2022. Our confidence in the Company's future is evidenced by the significant increase in our dividend and the reinstatement of our share repurchase program , which will see us repurchase up to $ 400 million by the end of 2022 , " continued Hicks . HIGHLIGHTS • Consolidated comparable sales ( excluding Petroleum ) were up 3.3 % vs the same quarter last year , and up 21 % vs 2019 , as customers returned to in - store shopping о о Canadian Tire Retail ( CTR ) comparable sales were up 1.4 % , against the exceptional 25.1 % increase achieved in 2020 ; backyard living , gardening , and hockey were among the top performing businesses in the quarter Comparable store sales at SportChek were up 11.2 % vs last year , led by growth in athletic apparel , footwear , hockey , and team sports At Mark's , comparable sales were up 7.9 % vs last year , with strong growth in men's casual wear , footwear , and industrial apparel 1