Pocketbook pressures are encouraging some Alimentation Couche-Tard Inc. customers to ditch buying snack foods.
The convenience store chain’s chief executive Alex Miller says shoppers are being more deliberate about their purchases as the cost of living and fuel rises.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won’t miss a trending story.
By providing your email address, you have read and agree to Global News’ Terms and Conditions and Privacy Policy.
He says their cautious spending is pushing sales of packaged carbonated soft drinks, salty snacks and sweets to lower-than-usual levels.
To cope with the shift in consumer behaviour, Miller says Couche-Tard is reallocating shelf space, refining its product assortment and tweaking its promotions to better suit demand.
- Calgary home sales fall 16% in August, overall prices down year-over-year
- Carney names Dominic Barton as chair of Invest in Canada
- Bare shelves at Alberta food banks as demand soar: ‘Very difficult year’
- ‘We’re not at war with Canada,’ U.S. treasury secretary says
-
A clean sweep for the federal Liberals as they win three byelections
-
Coquitlam mayor breaks silence on Metro Van’s governance
-
Churchill grain shipments resume
-
Alberta liquor suppliers facing issues with AGLC payments
Miller’s remarks came a day after Couche-Tard revealed its net earnings attributable to shareholders were US$828.5 million in its first quarter, up from US$782.5 million during the same period last year.
The Laval, Que.-based company, which keeps its books in U.S. dollars, reported revenues of US$21.7 billion, rising from US$17.3 billion a year earlier.
Advertisement