Alimentation Couche-Tard boosts dividend 25 per cent after record Q3 profits - News Summed Up

Alimentation Couche-Tard boosts dividend 25 per cent after record Q3 profits


- Alimentation Couche-Tard Inc. is boosting is quarterly dividend by 25 per cent after posting record third-quarter earnings that missed analyst expectations. / THE CANADIAN PRESS )Net profits attributable to shareholders for the period ending Feb. 3 increased 27 per cent to US$612.1 million from US$482.4 million a year earlier. Excluding one-time items, Couche-Tard, which reports in U.S. dollars, says adjusted profits reached $609 million or $1.08 per diluted share. Road transportation fuel volumes grew 1.6 per cent with same-store road fuel volumes increasing by 0.8 per cent in the U.S., but decreasing by 1.4 per cent in Europe and by 0.6 per cent in Canada. Fuel revenues increased 3.4 per cent to $11.9 billion.


Source: thestar March 19, 2019 22:04 UTC



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