Couche-Tard profit rises as U.S. fuel gross margins jump

Wed Sep 3, 2014 9:04am EDT
 
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Sept 3 (Reuters) - Canadian convenience store and gasoline station operator Alimentation Couche-Tard Inc reported a 5.7 percent rise in quarterly profit, helped by a jump in fuel gross margins in the United States.

The company's net income rose to $269.5 million, or 47 cents per share, in the first quarter ended July 20, from $255 million, or 45 cents per share, a year earlier.

Road transportation fuel gross margins at company operated stores in the United States rose about 19 percent to 23 cents per gallon, compared with 19.4 cents per gallon a year earlier.

(Reporting By Tanvi Mehta in Bangalore; Editing by Sriraj Kalluvila)