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Canada's Couche-Tard misses revenue estimates

· 03/17/2021 17:04
Canada's Couche-Tard misses revenue estimates

- Canada's Alimentation Couche-Tard Inc ATDb.TO missed third-quarter revenue estimates on Wednesday, hurt by a decline in demand for fuel and as people made fewer shopping trips to its convenience stores due to the COVID-19 pandemic.

Total revenue fell 20.8% to $13.16 billion in the quarter ended Jan. 31, compared with market estimates of $13.74 billion, according to IBES data from Refinitiv.


(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)

((Praveen.Paramasivam@thomsonreuters.com))