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Alimentation Couche-Tard Announces its Results for its Third Quarter of Fiscal Year 2021

Share this article Share this article Net earnings attributable to shareholders of the Corporation ( net earnings ) were $607.5 million or $0.55 per diluted share for the third quarter of fiscal 2021 compared with $659.9 million or $0.59 per diluted share for the third quarter of fiscal 2020. Adjusted net earnings were approximately $622.0 million 1 compared with $581.0 million 1 for the third quarter of fiscal 2020. Adjusted net earnings per share on a diluted basis were $0.56 1, representing an increase of 7.7% from $0.52 1 for the corresponding quarter of last year. The COVID-19 pandemic continues to have a meaningful impact on the Corporation s quarterly financial results. Traffic remained soft throughout its network due to increased restrictive social measures and continued work from home trends across the various geographies in which it operates. However, consolidation of trips, new shopping options and adapted product offerings enabled growth of merchandise sales. From

Fuel demand slump drags down Couche-Tard s revenue

By Reuters Staff 2 Min Read FILE PHOTO: A Couche-Tard convenience store is seen in Montreal, Quebec, Canada January 13, 2021. REUTERS/Christinne Muschi/File Photo (Reuters) - Canadian convenience store operator Alimentation Couche-Tard Inc fell short of third-quarter revenue estimates, as people staying at home led to a steep decline in demand for fuel that overshadowed gains from selling more wine and snacks. Fuel sales across the globe have been pressured as people, largely working and shopping from home, avoid venturing out due to fears of catching the novel coronavirus, with overall store traffic also being stressed due to renewed restrictions. “Fuel volume results were highly variable with areas of renewed lockdowns showing very soft demand, while other areas strengthened,” Chief Executive Officer Brian Hannasch said on Wednesday.

Billionaire Cable Families Show How Canada s Business World Runs

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