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Alimentation Couche-Tard net income, EPS beats Street estimates

Alimentation Couche-Tard Inc. reported net income and adjusted EPS on Sept. 5 that beat analyst expectations, supported by fuel sales in the U.S.

For the 12 weeks to July 22, adjusted net earnings at the Laval, Canada-based company totaled $498 million, above both the $381 million the company reported for the year-ago quarter and the $452.5 million mean consensus estimate compiled by S&P Global Market Intelligence with five analysts reporting. The company reports results in U.S. Dollars.

On a per-share basis, earnings were 88 cents. The S&P Global Market Intelligence mean consensus estimate for normalized EPS was 82 cents.

The convenience store operator reported revenue of $14.79 billion, up 50% from the $9.85 billion it posted for the year-ago quarter. Fuel sales within the U.S. for the quarter were $7.16 billion, up 69% year over year.

Alimentation Couche-Tard did not provide an outlook. The company operates about 12,700 stores globally.