Reported 8 months ago
Alimentation Couche-Tard Inc., the owner of Circle K and Couche-Tard chains, revealed lower-than-expected earnings primarily attributed to a decrease in fuel sales. The company's revenue for the fourth quarter surpassed analyst estimates, but earnings per share fell short. With the majority of its revenue coming from fuel sales, the company faced challenges in the US due to lower demand, despite slightly exceeding fuel margin estimates. Alimentation Couche-Tard also experienced a decline in same-store merchandise sales, reflecting consumer struggles with inflation and limited discretionary spending.
Source: YAHOO