March 18 (Reuters) -
Retailer Alimentation Couche-Tard ( ANCTF ) missed
third-quarter revenue estimates on Tuesday, hurt by sluggish
demand in its convenience stores and fuel businesses amid rising
inflationary pressures.
Consumers facing financial strain have increasingly scaled
back on expensive as well as non-essential purchases, prompting
growing concern among retailers including Circle-K owner
Couche-Tard.
U.S. retail giants such as Walmart ( WMT ) and Target ( TGT )
warned of a demand slowdown owing to muted spending as
they braced for the impact from import tariffs proposed and
implemented by President Donald Trump.
The Canadian company, which has shown an unwavering
commitment to buy Japan's Seven & i Holdings, saw its quarterly
revenue rise 6.5% to $20.90 billion from a year ago. Analysts
had estimated a quarterly revenue rise of 8% to $21.19 billion,
according to data compiled by LSEG.