Couche-Tard Reports US$863.4M in Q4 Profit, up Year-over-Year From US$439.4M
Higher gas prices and stronger U.S. gasoline margins lifted fourth-quarter profit to $863.4 million, beating last year’s $439.4 million.
- On Monday, Alimentation Couche-Tard Inc. reported fourth-quarter revenue of US$19.5 billion, up nearly 20% year-over-year, with net earnings reaching US$863.4 million.
- Conflict between Iran and Israel near the Strait and Hormuz sent gas prices surging, prompting Couche-Tard CEO Alex Miller to leverage diversified supply chains to weather volatility.
- Total merchandise and service revenue rose 7.7 per cent to US$4.5 billion, while customers in Canada demonstrated resilience by boosting fuel volumes two per cent despite European declines.
- Stifel's Martin Landry noted the company outperformed rival Eleven, while RBC's Irene Nattel labeled gas margins "strong and better than expected."
- The reopening of the Strait and Hormuz remains in flux despite Iran's agreement last week to a 60-day ceasefire, sustaining market uncertainty.
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Diet Couche-Tard added nearly $10 billion to its market capitalization on Tuesday, following the presentation of a brilliant end-of-year performance driven by exceptionally high gas margins and impressive sales of goods in the United States.
The Toronto Star
Couche-Tard reports US$863.4M in Q4 profit, up year-over-year from US$439.4M
Alimentation Couche-Tard Inc.'s net earnings attributable to shareholders came in at US$863.4 million during the fourth quarter, up from US$439.4 million during the same period last year.
Couche-Tard Jumps as Fuel Margins Drive Earnings Beat
Couche-Tard shares soared 11.5% to a 52-week high after fourth-quarter profit crushed forecasts, fueled by record U.S. gasoline margins that far outpaced rivals, even as broader Canadian markets fell; adjusted earnings surged 51.2% to $667 million, with analysts crediting strong fuel economics for the earnings beat. The post Couche-Tard Jumps as Fuel Margins Drive Earnings Beat appeared first on TechStock².
Alimentation Couche-Tard finds upside in 'volatile' gas market: CEO
One of Canada's largest gas station operators managed to grow its profit and revenue even as the Middle East war choked the global flow of fuel. Alimentation Couche-Tard Inc. reported a fourth-quarter profit attributable to shareholders of $863.
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