March 20, 2018 / 3:39 PM / 5 months ago

BUZZ-Alimentation Couche-Tard: Set for worst day since 2008 on U.S. margin weakness

** Canadian gas retailer and convenient store operator’s shares fall 8.3 pct to C$59.13 on margin pressure

** On pace for worst day since Dec. 1, 2008; top decliner on TSX consumer staples sector

** Q3 gross margins in fuel business in co’s biggest market, U.S., decline 14.6 pct due to higher crude prices

** Revenue from the business in region jumps 51.3 pct on higher selling prices

** Total revenue climbs 38 pct; net income surges 62 pct

** Stock down 3.6 pct this year (Reporting by Medha Singh in Bengaluru)

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