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Casey General Stores : Canada's Couche-Tard beats estimates as fuel sales bounce back

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June 29 (Reuters) - Canada s Alimentation Couche-Tard Inc
breezed past estimates for quarterly profit and
revenue on Tuesday, helped by strong sales at the convenience
store chain s fuel supply outlets following speedy vaccination
drives and easing coronavirus curbs.
Revenue from its fuel business, which includes about 10,800
outlets across the United States, Europe and other countries,
jumped 32% to $8.35 billion in the fourth quarter after falling
by more than a third in the first three quarters.
We had a steady improvement in parts of the network,
especially in the United States, where we are starting to see a
return to more normal driving behavior, Chief Executive Officer ....

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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. ....

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Carrefour suitor has few regrets about a 'good deal' that failed

Carrefour suitor has few regrets about a 'good deal' that failed
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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Couche-Tard to pursue other deals after Carrefour failure

Couche-Tard to pursue other deals after Carrefour failure
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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