Canadian convenience stores giant Alimentation Couche-Tard has posted a 31.9% increase in Q1 sales, which it largely attributes to its expansion in the Midwestern US with the acquisition of Dairy Mart Convenience Stores.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company explained that the Dairy Mart acquisition is expected to add about C$700m (US$693.8m) to its annual sales.
Meanwhile, same-store merchandise sales were up 7% in the Q1, while same-store litre sales of gasoline rose 7.3%.
