(Laval) Alimentation Couche-Tard reported net income of $737.4 million in the third quarter ended Jan. 29, down 1.2% from the same period last year.
Laval reports earnings of $0.73 per share on a diluted basis, up from $0.70 per share on a diluted basis for the same period a year earlier.
Total revenue for the quarter was $20 billion, up 8% from a year ago, with $2.5 billion in revenue in Canada.
Alimentation Couche-Tard says converting foreign currency into US dollars had a net negative impact of about $28 million on its bottom line.
The president and chef of the direction of the enterprise, Brian Hannasch, notified that all his marches travers the world, particulier in Europe, continue to fair face to the conditions of inflation levees, as the clients font preuve. resilience.
Mr. Hanach added that healthy fuel margins help offset the continued decline in volumes caused by work-from-home trends and higher prices.
“We are excited about the progress we have made in expanding our network, both in the number of stores and in the mobility services offered to our customers,” he said in a statement.
Couche-Tard announced that it has completed the previously announced acquisition of True Blue Car Wash LLC, which operates 65 express car wash locations in the United States.
The company also announced plans to acquire 45 Big Red stores in Arkansas.
And most recently, Couche-Tard and Harnois Énergies announced a deal in which Couche-Tard will buy Wilsons’ chain of gas stations in Atlantic Canada. Harnois will acquire certain spots from the chain in order to fulfill the condition set by the Competition Bureau.
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