Revenue at Couche Tard fuel retail business

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wholesale nba jerseys from china Alimentation Couche Tard Inc. Quarterly results beat estimates on Monday, as customers spent more per trip to its convenience stores, even as overall traffic declined due to the COVID 19 pandemic.Similar to other food and essential items retailers, Couche Tard was allowed to keep most of its stores open during the coronavirus lockdowns and saw a surge in the sale of canned goods and cleaning products due to panic buying.However, the company said traffic soon tapered off as customers increasingly chose to stay at home over fears of the fast spreading virus.A drop in demand at the company fuel stations dragged down its total revenue by 26.1 per cent to $9.69 billion from a year earlier, but it still beat analysts average estimate of $9.36 billion, according to IBES data from Refinitiv.Revenue at Couche Tard fuel retail business, its biggest segment, fell 34 per cent to about $6.32 billion.Excluding certain items, the company reported earnings of 47 cents per share, beating analysts average estimate of 43 cents, as its profit margins got a boost from a fall in crude oil prices. may take up to an hour for moderation before appearing on the site. wholesale nba jerseys from china

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