Couche-Tard Still Performing Strongly But Not Immune To Economic Environment

Canada-based convenience store operator Alimentation Couche-Tard has reported solid results for its fiscal first quarter, underlining its position as a regional outperformer. For the three months ending July 17 2011 the firm registered a 24% increase in revenues, aided by higher fuel prices and expansion, while net profits advanced by 9.9%. On a like-for-like basis the results looked less robust, with general merchandise sales up by 1.5% in the US and down 0.2% in Canada. However, given the weak economic backdrop this result is still relatively

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