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Couche-Tard’s Circle K remodels, earnings increase


Canada-based convenience store operator Alimentation Couche-Tard posted net earnings of $287 million in the third quarter of its fiscal year, up 4.7% from the previous-year period.

Same-store merchandise sales fell by a point in Europe, but were up 1.9% in the U.S. Same-store gasoline sales volumes rose 2.8% stateside.

Couche-Tard’s global rebranding of its Circle K stores proceeded at a quick pace during the quarter, with more than 1,000 U.S. stores completed.

The company took a $3 million hit from Hurricane Matthew in October, due to lost sales, floods, and power outages at more than 500 stores.
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