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Alimentation Couche-Tard earns US$786.1M in Q1 after pulling Seven & i Holdings bid
Alimentation Couche-Tard earned US$782.5 million in Q1 despite a 5% revenue decline and withdrew its acquisition bid for Seven & i Holdings after nearly a year of negotiations.
- On July 20, Alimentation Couche-Tard Inc. reported net earnings attributable to shareholders of US$786.1 million for the first quarter.
- In July, Couche-Tard pulled its proposal to acquire Seven & i Holdings Co. after nearly a year of courting.
- Couche-Tard reported US$17.3 billion in revenue, down five per year-over-year, and earnings per diluted share slipped to 78 cents US.
- CEO Alex Miller said the company posted positive same-store sales, including in the U.S. market, and net earnings compared with US$790.8 million a year earlier.
- After pulling its proposal in July, Couche-Tard reported $782.5 million net earnings for the quarter ended July 20, following nearly a year courting Seven & i Holdings Co.
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Alimentation Couche-Tard announced that its net shareholder income was US$782.5 million for the quarter ended July 20th.
·Montreal, Canada
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Winnipeg Free Press+11 Reposted by 11 other sources
Alimentation Couche-Tard earns US$786.1M in Q1 after pulling Seven & i Holdings bid
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources15
Leaning Left7Leaning Right0Center3Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 30%
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