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Meal Deals, Nicotine and Booze Boost Couche-Tard Sales Growth
Couche-Tard reported a 6.6% revenue increase and plans to open 500 new stores by 2028 despite cost-of-living challenges, CEO Alex Miller said.
- Alex Miller, the chief executive, reaffirmed the 500‑store target during a Tuesday conference call, saying Alimentation Couche-Tard Inc. still plans to reach 500 new stores by 2028, a goal set two years ago.
- Stronger top-line results, including rising merchandise revenues, led Laval Alimentation Couche-Tard Inc. to report US$17.9 billion in revenue for the second quarter, ending on Oct. 12, and US$4.7 billion in merchandise and service revenues.
- Net earnings rose to US$740.6 million in the quarter, and Couche-Tard reported same‑store sales growth across Canada, the U.S. and Europe.
- Using strong cash flow, the company accelerated buybacks and store openings, with nearly US$17900 million share buybacks and 100 new North American locations this year.
- With a 17,270‑store footprint, Couche-Tard counts 17,270 stores worldwide and reports in U.S. dollars, reflecting its expansive global scale.
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16 Articles
16 Articles
Consumer fatigue, particularly in the United States, remains a challenge for Quebec's convenience store giant.
·Montreal, Canada
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Couche-Tard still aiming for 500 new stores despite cost-of-living hurdles
MONTREAL — The CEO of Alimentation Couche-Tard Inc. says the convenience store giant is on track to meet its expansion goals despite cost-of-living concerns among customers. In a conference call Tuesday, Alex Miller said the Laval, Que.
·Flin Flon, Canada
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Alimentation Couche-Tard earns US$740.6M in Q2, rising from the previous year
Alimentation Couche-Tard Inc. says its net earnings attributable to shareholders came in at US$740.6 million during the second quarter, compared with US$708.8 million for the same period a year earlier.
·Canada
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Coverage Details
Total News Sources16
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
Factuality
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