Alimentation Couche-Tard Inc. reported US$442.3 million in earnings for the fourth quarter, a decrease from US$454.5 million in the same quarter last year. Revenue declined by 7.5% annually to US$16.3 billion, partly due to softer fuel demand in the U.S. CEO Alex Miller noted the Laval, Que.-based company maintained U.S. same-store sales amid economic and geopolitical challenges and saw strong positive results in Canada and Europe.
Alimentation Couche-Tard earns US$442.3 million in Q4 amid decline in revenue
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TL;DR: Key points with love ❤️Alimentation Couche-Tard Inc. reported US$442.3 million in earnings for the fourth quarter, a decrease from US$454.5 million in the same quarter last year. Revenue declined by 7.5% annually to US$16.3 billion, partly due to softer fuel demand in the U.S. CEO Alex Miller noted the Laval, Que.-based company maintained U.S. same-store sales amid economic and geopolitical challenges and saw strong positive results in Canada and Europe.
- 1 Fourth quarter (current year): Alimentation Couche-Tard earned US$442.3 million.
- 2 Fourth quarter (last year): Alimentation Couche-Tard earned US$454.5 million.
- Decreased earnings and revenue for Alimentation Couche-Tard
- Softer fuel demand in U.S.
- Strong same-store sales in Canada and Europe
What: Alimentation Couche-Tard Inc. released its fourth-quarter earnings report, showing a decline in net earnings and revenue compared to the previous year.
When: Fourth quarter (current and last year).
Where: Laval, Quebec (company headquarters); operations in U.S., Canada, Europe.
Why: The decline in revenue was partly due to softer fuel demand in the U.S., amidst broader economic and geopolitical challenges.
How: The company reported its financial figures, with CEO Alex Miller providing context on performance across different regions.