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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (138133)	11/23/2022 9:41:11 AM
From: Goose94	Read Replies (1) of 202719

Alimentation Couche-Tard (ATD-T) Canada's convenience store king is feeling the pinch as consumers pull back at the pumps due to high gas prices. Alimentation Couche-Tard missed on the top and bottom lines in its latest quarter, saying lower fuel demand (and a net negative impact of $523 million due to foreign exchange headwinds) dampened the boost from higher fuel costs. The declines were across the board – same-store fuel volumes fell by 1.9 per cent in the U.S., 6.3 per cent in Europe and 6.5 per cent back here at home. While not reading too much into things, this could be another sign of changing consumer behaviour in the face of inflation not seen in decades. BNN.ca

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