Couche-Tard's revenue falls short of analysts' expectations

Alimentation Couche-Tard, the Canadian retailer known for Circle-K stores, reported lower-than-expected revenue for its third quarter. The company’s revenue rose 6.5% to $20.90 billion, but it fell short of analysts' forecast of 8% growth to $21.19 billion. A slowdown in consumer demand is being blamed for the dip in sales. Many shoppers are tightening their budgets due to rising inflation and financial strain. This trend is causing concern for various retailers, including Couche-Tard. Major U.S. retailers like Walmart and Target have also noted a decline in spending. They are preparing for potential additional impacts from new import tariffs from the U.S. government. Despite these challenges, Couche-Tard remains committed to acquiring Japan's Seven & i Holdings.