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Alimentation Couche-Tard reports net earnings of US$819.2 million in second quarter

LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings for the second quarter were US$819.2 million, up from US$810.4 million a year earlier. The Laval, Que.-based company says total merchandise and service revenues were US$4.
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A Couche Tard convenience store is shown in Montreal, Friday, Oct. 5, 2012. THE CANADIAN PRESS/Graham Hughes.

LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings for the second quarter were US$819.2 million, up from US$810.4 million a year earlier.

The Laval, Que.-based company says total merchandise and service revenues were US$4.1 billion, up one per cent from last year. 

Alimentation Couche-Tard says same-store merchandise revenues decreased by 0.1 per cent in the U.S. and 0.2 per cent in Europe but rose 1.6 per cent in sa¹ú¼Ê´«Ã½. 

President and CEO Brian Hannasch says the company saw softening in U.S. same-store sales driven by weakness in the cigarette category and compared with a strong second quarter a year earlier. 

Diluted earnings per share were 85 cents US, up from 79 cents US during the same quarter last year. 

The company says same-store road transportation fuel volumes decreased by 1.5 per cent in the U.S. and 0.9 per cent in Europe but increased three per cent in sa¹ú¼Ê´«Ã½. 

This report by The Canadian Press was first published Nov. 28, 2023.

Companies in this story: (TSX:ATD)

The Canadian Press