Alimentation Couche-Tard Inc. said its normalized net income for the fiscal second quarter ended Oct. 12 came to 41 cents per share, compared with the S&P Capital IQ consensus estimate of 56 cents per share.
EPS increased 31.9% year over year from 31 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $233.4 million, an increase of 32.1% from $176.8 million in the prior-year period.
The normalized profit margin climbed to 2.6% from 2.0% in the year-earlier period.
Total revenue totaled $8.94 billion, compared with $9.01 billion in the year-earlier period, and total operating expenses decreased year over year to $8.56 billion from $8.68 billion.
Reported net income rose 25.1% on an annual basis to $284.3 million, or 50 cents per share, from $227.2 million, or 40 cents per share.
