{"id":813,"date":"2014-08-04T15:35:00","date_gmt":"2014-08-04T15:35:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/08\/04\/laval-based-couche-tard-top-us-retailer\/"},"modified":"2015-06-01T19:41:00","modified_gmt":"2015-06-01T19:41:00","slug":"laval-based-couche-tard-top-us-retailer","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/08\/04\/laval-based-couche-tard-top-us-retailer\/","title":{"rendered":"Laval-based Couche-Tard top U.S. retailer"},"content":{"rendered":"

By Tracey Arial<\/b><\/p>\n

\nwww.arialview.ca<\/a><\/p>\n

Last year\u2019s increased net earnings should help keep Alimentation Couche-Tard among the top 100 retailers in the United States even after longtime CEO Alain Bouchard steps down on September 24.<\/p>\n

The Laval-based powerhouse earned a net of $812.2 million during their 2014 fiscal year, which ended on April 27. The figure was 41.8% higher than it had been for fiscal year 2013.\u201cWe are pleased to close fiscal 2014 with net earnings showing a significant growth for a sixth consecutive year,\u201d said Bouchard, who will be replaced by Brian Hannasch next month. \u201cIn July 2013, I said that fiscal 2014 would be a year of execution and achievement in Europe. Today, I am proud to say that we delivered.\u201d<\/p>\n

Merchandise and service revenue for Couche-Tard\u2019s American operations were also up during the fiscal year to reach $4,818,900, an increase of $270,300.<\/p>\n

The fourth quarter wasn\u2019t quite so rosy. Couche-Tard announced net earnings of $145.1 million, which was $1.3 million less than the previous quarter. The company paid higher dividends of four cents per share last week to appease stockholders.<\/p>\n

Even before these results were announced, Couche Tard celebrated position number 82 on the 2014 list of top retailers last month. The annual ranking, which appeared on July 1 in Stores, includes Walmart, Target, Lowes, Safeway and McDonalds. It was compiled by Kantar Retail for the National Retail Federation magazine<\/a>.<\/p>\n

7 Eleven, Couche-Tard\u2019s main competitor in the United States, appeared at number 35, a frustration for the Laval company. Couche-Tard sat at number 25 in 2009, but has appeared in the bottom quarter of the list ever since.<\/p>\n

Couche-Tard\u2019s status as the only Canadian company on the list wasn\u2019t evident because it opened an American head office in Tempe, Arizona in 2010. Still, Couche-Tard remains within Laval, something that forced American Hannasch to move to Quebec earlier this year.<\/p><\/div>\n

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By Tracey Arial www.arialview.ca Last year\u2019s increased net earnings should help keep Alimentation Couche-Tard among the top 100 retailers in the United States even after longtime CEO Alain Bouchard steps down on September 24. The Laval-based powerhouse earned a net of $812.2 million during their 2014 fiscal year, which ended on April 27. The figure<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-813","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nLaval-based Couche-Tard top U.S. retailer - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2014\/08\/04\/laval-based-couche-tard-top-us-retailer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laval-based Couche-Tard top U.S. retailer - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"By Tracey Arial www.arialview.ca Last year\u2019s increased net earnings should help keep Alimentation Couche-Tard among the top 100 retailers in the United States even after longtime CEO Alain Bouchard steps down on September 24. 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