Couche-Tard Reports Record Fuel Sales Amid Tightening Consumer Budgets

Circle K Owner Says Inflation, Fuel Costs Curb Consumer Spending

Convenience and gas station retailer Alimentation Couche-Tard Inc. reported record fuel sales as oil prices soared amid the Middle East conflict, but consumers are also tightening their budgets and visiting stores less often. Shares dropped the most in more than five months.

By Mathieu Dion