Published on 21 Mar 2024 on Yahoo Finance Canada
Couche-Tard: Stock falls, CEO calls U.S. consumer weakness 'transitory'
Canadian convenience store giant Alimentation Couche-Tard Inc. says high fuel prices and food inflation are impacting customers and driving sales of its private label brand. A Couche Tard store is seen, Tuesday, September 20, 2016 in Deux-Montagnes, Quebec. THE CANADIAN PRESS/Ryan Remiorz (The Canadian Press)
Alimentation Couche-Tard (ATD.TO) shares fell on Thursday as the gas station and convenience store giant’s CEO repeated a warning about U.S. consumer weakness.
Quebec-based Couche-Tard says it has more than 16,700 stores in 29 countries and territories. The United States is its largest region, with more than 7,000 sites. The company’s brands include Circle K and Ingo.