Alimentation Couche-Tard Inc (TSE:ATD) has released an update.
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Alimentation Couche-Tard Inc. reported a dip in net earnings for both the fourth quarter and the fiscal year of 2024, with Q4 earnings at $453.0 million ($0.47 per diluted share) compared to $670.7 million ($0.68 per diluted share) in fiscal 2023. The company faced a decrease in same-store merchandise revenues across all regions, attributed to economic challenges affecting low income consumers and a decline in road transportation fuel volumes. Despite these challenges, the company achieved strong network growth through significant acquisitions and executed successful issuances of senior unsecured notes in multiple currencies.
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