By Kimberly Chin
Alimentation Couche-Tard Inc. (ATD.A.T, ATD.B.T) on Wednesday said profit rose in the fiscal first quarter though sales fell.
Net income was $538.8 million, or 95 cents a share, up from $455.6 million, or 81 cents a share, a year earlier. Adjusted earnings were 97 cents a share, up from 87 cents a share. Analysts polled by FactSet expected 94 cents a share.
Revenue was $14.16 billion, down from $14.79 billion a year ago. Analysts were looking for $15.13 billion.
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