Alimentation Couche-Tard's Q4 net earnings fell 30% to $453M due to lower gross margins on fuel and investment-related expenses.
Alimentation Couche-Tard's Q4 net earnings fell 30%, reaching $453M compared to $670.7M in the same period last year. Lower gross margins on fuel, a shorter quarter, and investment-related expenses contributed to the decline. Same-store merchandise revenue decreased by 0.5% in the U.S., 2% in Europe, and 3.4% in Canada due to lower discretionary spending. Despite the challenges, CEO Brian Hannasch remains optimistic about the business.
June 25, 2024
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