Alimentation Couche-Tard Inc. says it earned US$737.4 million in its third quarter ended Jan. 29, down 1.2 per cent from a year earlier.
The Laval, Que.-based company says earnings per diluted share in the quarter were 73 cents, up from 70 cents a year earlier, while earnings for the financial year to date were up almost 10 per cent to US$2.2 billion.
Total revenues for the quarter were US$20 billion, up eight per cent from last year, with Canadian revenues of US$2.5 billion.
Alimentation Couche-Tard says the translation of foreign currencies into the U.S. dollar had a net negative impact of around US$28 million on net earnings.
President and CEO Brian Hannasch said all of the company's markets continue to face inflationary conditions, but that customers have proven resilient.
Hannasch said healthy fuel margins are helping to offset the continued decline in volumes brought on by work-from-home trends and higher prices.
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