Alimentation Couche-Tard Inc. Records a 20.4 Percent Increase of Net Earnings.MONTREAL--(BUSINESS WIRE)--Aug. 28, 1996--COUCHE-TARD INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME:ATD ATD Anthropomorphic Test Dummy ATD Attention to Detail ATD Advanced Technology Demonstration AtD Achieving the Dream ATD Atmospheric Technology Division (US National Center for Atmospheric Research) ATD Assistant Technical Director ) For the first quarter (12 weeks of operations) ended July 21, 1996, Alimentation Couche-Tard Alimentation Couche-Tard Inc. TSX: ATD.A (a "Couche-Tard" is a "night owl" in French) is the largest Canadian convenience store retailer, operating or franchising over 5,000 stores across Canada, the United States, and in other countries. reported revenues of $93.7 millions, an increase of 8.9 percent compared to $86.0 millions for the same period in 1995 and this in spite of bad weather during the quarter and the price war between gasoline retailers which had a negative impact on the revenues. This sales improvement is due mainly to two factors: a 4.3 percent raise in the sales of stores belonging to the network for more than a year and the fact that the Company operates a larger number of corporate stores. Net earnings reached $2,005,000 compared to $1,665,000 for last year, an increase of 20.4 percent. The improvement of the net earnings resulted from a rise in sales, an increased operating efficiency and a reduction of financing costs. Compared to last year, earnings per share remain stationary at $0.19; the weighted average outstanding shares increased to 10,713,843 from 8,845,414 in 1995. Fully diluted, net earning per share Noun 1. earning per share - the portion of a company's profit allocated to each outstanding share of common stock net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation in 1996 is 0,17$. The Company announced on August 26th 1996 a public offer to purchase all common shares of Silcorp Limited which owns a convenience store network of 570 sites in Ontario, Western Canada
Western Canada, commonly referred to as the West and Michigan. CONTACT: Alimentation Couche-Tard Inc. Richard Fortin, 514/662-3272 |
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