MONTREAL — Most Ontario retailers are acting rationally in response to January’s large increase in the minimum wage and not cutting hours of operations, the CEO of Alimentation Couche-Tard Inc. said Tuesday. That equalled 82 cents per diluted share, compared with 50 cents per share or $287 million a year earlier. Excluding the tax benefit and other one-time items, its adjusted profit increased marginally to $304 million or 54 cents per share. Analysts on average had expected a profit of 74 cents per share and revenue of nearly $15.63 billion, according to Thomson Reuters. Hannasch said its network in Europe, Canada and the acquired CST Brands sites experienced improving trends from higher same-store fuel volumes, merchandise revenues and in-store gross margins.

Source: National Post March 20, 2018 15:00 UTC