Canada's Alimentation Couche-Tard misses quarterly revenue estimates amid demand slump

Published: 2025-03-18 17:21:55 ET WMT

March 18 (Reuters) -

Retailer Alimentation Couche-Tard missed third-quarter revenue estimates on Tuesday, hurt by sluggish demand in its convenience stores and fuel businesses amid rising inflationary pressures.

Consumers facing financial strain have increasingly scaled back on expensive as well as non-essential purchases, prompting growing concern among retailers including Circle-K owner Couche-Tard.

U.S. retail giants such as Walmart and Target warned of a demand slowdown owing to muted spending as they braced for the impact from import tariffs proposed and implemented by President Donald Trump.

The Canadian company, which has shown an unwavering commitment to buy Japan's Seven & i Holdings, saw its quarterly revenue rise 6.5% to $20.90 billion from a year ago. Analysts had estimated a quarterly revenue rise of 8% to $21.19 billion, according to data compiled by LSEG. (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Pooja Desai)