Canadian retailer Couche-Tard saw its shares climb today (13 July) after it reported a leap in fourth-quarter earnings.

The company booked an 81% increase in net earnings to US$68.8m for the 12 weeks to 25 April.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Higher fuel margins in the US, an increase in same-store merchandise sales in the US and Canada, the contribution of acquired stores and a lower income tax rate helped boost Couche-Tard’s earnings, the company said.

Revenues rose by 33.7% to $4bn during the quarter, thanks mainly to higher motor fuel sales, the positive impact of foreign exchange, the contribution from acquisitions and same-store sales growth.

Same-store merchandise sales were up 3.2% in the US and up 6.9% in Canada.

See Also:

“These performances were satisfactory considering the difficult economic context,” Couche-Tard said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Couche-Tard’s shares on the Toronto Stock Exchange were up almost 4% at C$20.65 at 12:10 ET this afternoon.