tiprankstipranks
Company Announcements

Couche-Tard Q3 2024 Earnings Dip Amidst Expansion

Couche-Tard Q3 2024 Earnings Dip Amidst Expansion

Alimentation Couche-Tard (Cl. A) (TSE:ATD) has released an update.

Alimentation Couche-Tard reported a decrease in net earnings for Q3 2024, with $623.4 million compared to $737.4 million in the same quarter last year. Despite a 1.6% increase in total merchandise and service revenues, the company experienced a decrease in same-store merchandise revenues across the US, Europe, and Canada, as well as a dip in US road transportation fuel margins. The quarter also saw significant expansion, with over 2,000 new sites acquired in Europe and further growth in the US.

For further insights into TSE:ATD stock, check out TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App