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.
Canada s Couche-Tard misses revenue estimates on fuel demand slump
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