Canadian Tire Corp. reported growth in both its fourth quarter and full fiscal year, as the retailer pushed through a tougher macro environment that has weighed down other companies’ earnings.

Retail sales increased 1.2 per cent to $5.73 billion and revenue grew almost four per cent to $5.34 billion for the three months ended on Dec. 31. In addition to its flagship brand, Canadian Tire also owns such brands as Mark’s, SportChek, Gas+ and Party City.

On a diluted, per-share basis, earnings increased nine per cent to $9.09, a record, the company said.

“These results, combined with a strong retail topline over the year, demonstrate we managed well through a dynamic economic environment,” chief executive Greg Hicks said in a statement. “Our Triangle Membership delivered outsized growth over the year and continues to provide us with the rich first party data needed to offer personalized experiences and ultimately drive spend.”

Net income in the quarter was $562.6 million, up five per cent from the same period last year.

For the full year, retail sales were up 5.4 per cent to $19.25 billion and revenue grew more than nine per cent to $17.81 billion. The company’s net income fell 6.2 per cent compared to the 2021 fiscal year to $1.18 billion.

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