Alimentation Couche-Tard Logs Lower Profit, Revenue in 1Q
By Kelly Cloonan
Alimentation Couche-Tard said profit and revenue fell in its fiscal first quarter, hurt by lower fuel selling prices.
The Canadian convenience-store operator's net income fell to $782.5 million, or 82 cents a share, from $790.8 million, or 83 cents a share, in the comparable quarter a year ago.
Adjusted earnings were 78 cents a share. Analysts polled by FactSet were expecting 76 cents a share.
Revenue was down 5.1% to $17.35 billion, below the $17.9 billion expected by analysts, according to FactSet.
The decline was driven by a lower average selling price for road transportation fuel, partly offset by contributions from acquisitions, the company said.
The Circle K owner said total merchandise and service revenue rose 4.5% to $4.69 billion.
Same-store merchandise sales, which account for store openings and closings, rose 3.8% in Europe and 4.1% in Canada, and ticked up 0.4% in the U.S.
The results come after Couche-Tard dropped its roughly $47 billion pursuit of 7-Eleven's Japan-based parent, Seven & I, in July, ending its yearslong pursuit to create a giant convenience-store empire spanning countries and continents.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
September 02, 2025 17:47 ET (21:47 GMT)
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