— Employees of Alimentation Couche-Tard (TSX:ATD.B) in the Florida region are bracing for hurricane Irma as Texas staff continue to try to recover from “devastating” damage from hurricane Harvey, CEO Brian Hannasch said Wednesday. He said that deal and one for CrossAmerica Partners wholesale fuel network have “critically strengthened” the company. Alimentation Couche-Tard has some property insurance for storms but doesn’t carry business interruption insurance, he said. “We view ourselves as being very, very geographically diversified and certainly that’s an advantage to us with situations we faced with Harvey and potentially here with hurricane Irma,” said Hannasch. Analyst Irene Nattel said she has modestly increased adjusted earnings forecasts going forward because of the quarterly trend but added those predictions don’t include potentially negative results due to Harvey and Irma.

Source: National Post September 06, 2017 20:48 UTC