Updated

Updated · Bloomberg · Jun 23

Couche-Tard Posts $19.5 Billion Q4 Revenue as Fuel Margin Surge Offsets Demand Drop

Updated

Updated · Bloomberg · Jun 23

Couche-Tard Posts $19.5 Billion Q4 Revenue as Fuel Margin Surge Offsets Demand Drop

1 articles · Updated · Bloomberg · Jun 23

$19.5 billion in fiscal fourth-quarter revenue marked a 20% year-over-year jump for Alimentation Couche-Tard, with the Circle K owner beating analysts’ sales and earnings estimates.
Fuel margins rose sharply after war-driven price spikes in the Middle East lifted gasoline profitability, even as overall fuel demand fell.
$750 million above analyst forecasts, the revenue result underscored how stronger fuel economics outweighed weaker volume in the quarter ended April 26.

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With fewer drivers at the pump, how is Circle K engineering record profits from the current global oil crisis?

Gas prices surge amid global conflict, and Circle K's profits double. What's the untold story behind the pump price?

Beyond gas prices, how is the global oil shock reshaping the future of your local convenience store?

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