(Laval) Despite a decrease in its turnover compared to last year, Alimentation Couche-Tard reported Tuesday a net profit of 819.2 million US dollars for its second quarter, up from 810.4 million US dollars. US for the same period a year earlier.
The convenience store operator based in Laval, but which publishes its results in US dollars, indicated that its revenues amounted to US 16.4 billion in the second quarter, down 2.7% compared to the previous year .
This decrease, however, is less marked than that reported by the company in the first quarter, at 16.3%.
According to Couche-Tard, the drop in its turnover in the second quarter is mainly attributable to a lower average selling price of fuel for road transport, but also to a lower demand for fuel for road transport than in the same period a year ago.
Earnings per share also stood at 85 US cents, compared to 79 US cents a year earlier.
In a statement, Couche-Tard President and CEO Brian Hannasch praised “notable progress across most of our key metrics,” even as the company saw a slowdown in its per-store sales in the United States. -United.
This specific slowdown in the United States is partly attributable to weak cigarette sales. In September, Mr. Hannasch had also reported “headwinds for the tobacco industry, not only for Couche-Tard”.
The Chief Financial Officer, Filipe Da Silva, for his part, highlighted that thanks to the company’s “financial discipline”, the normalized growth of operating expenses was limited to 1.5%, “a good figure lower than the current average inflation rate” which affects Couche-Tard’s operations.