Alimentation Couche-Tard reports rise in net income, revenue for third quarter

Alimentation Couche-Tard reports rise in net income, revenue for third quarter

LAVAL, Que. — Alimentation Couche-Tard Inc. (TSX:ATD.B) has reported stronger third-quarter net income as revenue rose six per cent.

The convenience store operator says it had US$287 million of profits in its fiscal third quarter, up from US$274 million in the comparable period last year.

Revenue at the Quebec-based company, which reports in U.S. currency, rose to $3.07 billion.

Couche-Tard’s net income was equal to 50 cents per share, up from 48 cents per share.

Adjusted earnings were 53 cents per share, about the same as last year.

Couche-Tard’s banners in Canada include Mac’s, but it’s switching to Circle K as its global brand everywhere but Quebec, where Couche-Tard will remain the company’s main banner.

The Canadian Press

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