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Alimentation Couche-Tard’s Profit Dips 1.2% To $737 Million

Alimentation Couche-Tard (ATD) has reported that its profit dipped 1.2% to $737.4 million U.S. during its fiscal third quarter ended January 29 of this year.

The Laval, Quebec-based operator of convenience stores said its earnings per share in the quarter amounted to $0.73 U.S., up 4% from $0.70 U.S. a year earlier.

Revenues in the quarter totaled $20 billion U.S., up 8% from a year ago.

Alimentation Couche-Tard said the translation of foreign currencies into U.S. dollars had a net negative impact on its earnings of $28 million U.S.

The company added that its earnings for its current fiscal year are up nearly 10% from a year earlier at $2.2 billion U.S.

Alimentation Couche-Tard’s stock is up 20% over the past year at $60.94 per share.