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Canada's Alimentation Couche-Tard misses quarterly revenue estimates amid demand slump
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Canada's Alimentation Couche-Tard misses quarterly revenue estimates amid demand slump
Mar 18, 2025 2:49 PM

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.

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