Circle K earnings miss estimates as fuel demand dips


The retailer reported revenue of C$17.6bil (US$12.9bil) for its fiancial fourth quarter ended April 28, surpassing the average analyst estimate. — Bloomberg

MONTREAL: Alimentation Couche-Tard Inc, Canada’s most valuable retailer and the operator of the Circle K and Couche-Tard chains, reported lower-than-expected earnings amid weaker fuel sales.

The convenience store and petrol station operator, based in Laval, Quebec, reported revenue of C$17.6bil (US$12.9bil) for its fiancial fourth quarter ended April 28, surpassing the average analyst estimate.

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