Couche-Tard Profit Up 35%
Toronto, Couche-Tard Inc. said profit in its second quarter ended Oct. 15 rose 35% on more profitable gasoline sales. Net income climbed to $74.7 million, from $55.5 million a year earlier. Sales for the three months rose 15% to $2.76 billion from $2.39 billion.
The company, which gets more than 60% of sales from gasoline, last month agreed to acquire 236 stations and stores in the United States from Shell Oil Co., giving it about 5,205 outlets in the United States and Canada.