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Alimentation Couche-Tard sees earnings rise on gas sales in latest quarter

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Couche-Tard’s net earnings for the quarter were $810.4-million, or 79 cents per diluted share, up from $694.8-million, or 65 cents per diluted share, a year earlier

Net earnings for the quarter were $810.4-million, or 79 cents per diluted share, up from $694.8-million or 65 cents per diluted share a year earlier.

The Quebec-based company says its total revenues were $16.9-billion, up 19.7 per cent from last year. This was largely due to a 24.3 per cent increase in road transportation fuel revenues as gas prices rose, while merchandise and service revenues were up 2.3 per cent. Same-store merchandise revenues were up in the U.S., Europe and other regions, but were down in Canada, the company said.

Couche-Tard president and CEO Brian Hannasch said the company has piloted its new loyalty program in the U.S. and a new tiered concept in Europe, and is preparing for expansions on those pilots in the upcoming quarters.Your Globe

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Alimentation Couche-Tard sees earnings rise on gas sales in latest quarter - BNN BloombergCanadian convenience store giant Alimentation Couche-Tard reported earnings for the second quarter ended Oct. 9 were up 16.6 per cent.
Source: BNNBloomberg - 🏆 83. / 50 Read more »