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Or sign-in if you have an account.A Couche-Tard convenience store in Montreal, Quebec, Canada, on Aug. 19, 2024. Photo by Allen McInnis/BloombergGas station and convenience store operator Alimentation Couche-Tard Inc. saw big gains in fuel margins after the war in the Middle East caused prices to spike. The company easily beat analysts’ estimates for sales and earnings.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Canadian retailer, the owner of the Circle K brand, reported revenue of US$19.5 billion in the fiscal fourth quarter ended April 26, a 20 per cent jump from the same period last year and US$750 million more than analysts had expected.That’s despite the fact that consumers drove less. Couche-Tard said road transportation fuel volumes decreased 2.1 per cent in the U.S. and 4.4 per cent in Europe and other regions, on a same-store basis, as people responded to higher pump prices. In contrast, volumes rose two per cent in Canada.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againGasoline and diesel prices rose sharply after the U.S. and Israel attacked Iran beginning in late February, and Iran responded by largely closing the Strait of Hormuz to shipping traffic.In the U.S., Couche-Tard’s most important market, fuel gross margin was 52.44 cents U.S. a gallon, an increase of more than 9 cents from a year earlier. “This quarter highlighted the earnings power of the model in a volatile fuel environment, with outsized fuel margin capture more than offsetting softer fuel volumes,” Raymond James analyst Bobby Griffin said in a note.The average selling price of fuel at Couche-Tard’s company-operated U.S. stores was US$3.60 a gallon during the quarter.Overall, Couche-Tard earned 73 cents a share on an adjusted basis, crushing estimates of 54 cents in a Bloomberg survey.The company’s stock price has risen about 10 per cent this year, giving it a market capitalization of more than $75 billion. Shares of rival Casey’s General Stores Inc. soared more than 20 per cent on June 10 after it also reported earnings that topped estimates. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.