Alimentation Couche-Tard earnings drop as consumers watch spending

Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.

Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.

The convenience store giant says net earnings attributable to shareholders totalled $453 million in the quarter ending April 28, down from $670.7 million in the same quarter last year.

.

Same-store merchandise revenue was down 0.5 per cent in the U.S., by two per cent in Europe and by 3.4 per cent in Canada because of lower discretionary spending.

Chief executive Brian Hannasch says in a statement that it was no doubt a challenging quarter, but even with the decline in same-store sales he remains optimistic about the business.

To adapt, Hannasch says the company has been working to expand its loyalty program, launch summer drink promotions and improve employee training.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Alimentation Couche-Tard earnings drop as consumers watch spendingLAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

Alimentation Couche-Tard earnings drop as consumers watch spendingAlimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »