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flag Alimentation Couche-Tard Inc. reported a 15.5% decline in Q3 net earnings to $623.4M due to lower US road fuel margins and softer customer traffic.

flag Alimentation Couche-Tard Inc., a Laval, Quebec-based convenience store operator, reported a 15.5% decline in net earnings for the third quarter, totaling US$623.4 million from US$737.4 million a year ago. flag The company attributed the lower earnings to a lower average road transportation fuel gross margin in the U.S. and softer customer traffic amid challenging economic conditions. flag The company aims to provide value to customers by expanding its private-label options, rolling out its loyalty program, and offering recurring Fuel Day promotions. flag Couche-Tard completed the acquisition of European retail assets from TotalEnergies in January, adding four new countries and 2,175 additional stores to its network.

13 months ago
14 Articles