Oil is bouncing Couche-Tard

The credit note Couche Tard has been found. High oil prices into force from July to October has enabled Couche-Tard reaping record profits of 97.6 million for its second quarter of operation. With a turnover of 4.6 billion, up 30%, and profits of 97.6 million, or 9 cents per share, Alimentation Couche-Tard has been a record quarter. With high fuel prices that gross margins in the U.S. have been high, Couche-Tard has fully offset the lower volumes of fuel per store by 10.6% in the United States. Also in the U.S., sales of goods grew despite comparable store sales down slightly by 1.0% in part due to hurricanes and a gross margin of 32.3%. In Canada, sales are rising and lower margins on fuel have been under pressure. Far from jubilant, president and CEO of Couche-Tard, Alain Bouchard remains cautious. "We are aware that we still have challenges to face given the difficult economic situation. However, this situation could allow us to make acquisitions on advantageous terms, "he said. Especially as Couche-Tard can now receive a credit rating higher. The rating agency Standard & Poor's raised its note of BB to BB +.