canadian tire corp unveiled a 34 billion canadian dollar us265 billion strategic growth plan with the aim of delivering sales and earnings growth on thursday the canadian retail company said the plan will affect multiple aspects of the business and will build upon the companys brand legacy and identity in particular the company is targeting consolidated comparable sales growth excluding petroleum of more than 4 averaged annually it is also aiming to deliver 15 or more of retail return on invested capital compared with the 136 delivered in 2021 the company said it plans to morethandouble its diluted pershare earnings to c26 or more compared to 2019 levels as part of its strategy canadian tire plans to build its owned brands portfolio increasing its penetration to more than 43 from 38 while launching new products and partnering with other brands across its retail portfolio canadian tire said it would strengthen its supply chain fulfillment infrastructure modernize its it infrastructure and improve its omnichannel customer experience we have clearly laid out our strategic growth plan and we firmly believe that investments targeting organic growth in the right places represent the best use of capital executive vice president and chief financial officer gregory craig said