circlek

Couche-Tard Profits, Revenue Rise

Canadian convenience store Alimentation Couche-Tard reported a profit of $146.4-million (U.S.), up 24% for the fourth quarter, driven mainly by acquisitions, but the results came in below analysts’ expectations. In the U.S., Couche-Tard, which owns and operates the Circle K brand, also saw sales increases. Sales at established stores rose 2%, excluding tobacco products. Same-store

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Mac’s Convenience Stores Using Social Media to Thwart Crime

Mac’s Convenience Stores has added social media to its crime prevention tactics in its Canadian convenience stores. Mac’s Stores inCentral Canadahave developed an innovative approach to augment its formidable crime prevention measures by using social media to help identify criminals through Facebook and Twitter. According to The Chronicle-Journal, Mac’s will use these social media outlets

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iSIGN, ADCENTRICITY, Team to Target Customers

Partnership drives customer engagement at point of decision at MAC’s convenience stores. Deepening its long-term relationship selling the Mac’s Couche-Tard digital network with a combined offering with iSIGN, ADCENTRICITY now provides retailers with the first-ever end-to-end value solution. iSIGN Media Solutions Inc., a provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and

CircleK2

Circle K Renews Xenergy’s National Brand Status

“XYIENCE has continually shown commitment to overall category growth as well as taken steps in customer-first initiatives, and we have a great partnership together,” says Circle K spokesperson. Circle K has renewed its national brand agreement with XYIENCE, continuing to give its energy drink brand Xenergy access to all 4,200 locations of the convenience store chain in the

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Couche-Tard Reports Strong First Quarter

“I am pleased to announce that our results are on the rise,” says CEO of Couche-Tard. For its first quarter of fiscal 2012, Alimentation Couche-Tard Inc. announced net earnings of $139.5 million, up $12.6 million or 9.9% from the comparable period of last fiscal year. The increase is mainly attributable to the drop in financial

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Wholesale Gasoline Costs Mixed in Mid-August

Wholesale gasoline costs were mixed through the week-ended Aug. 22, while the New York Mercantile Exchange September RBOB (gasoline) futures contract edged higher. In California, wholesale gasoline costs moved up on a sharp drawdown from state specific gasoline inventories, while in the Midwest costs were higher as refining activity eased. Gasoline costs in the Northeast

CircleK2

Couche-Tard Buys 322 Sites

Purchase allows Circle K stores to expand in the Southern California market. Alimentation Couche-Tard Inc. is increasing its footprint in Southern California by acquiring up to 322 convenience-store sites plus an additional 65-reseller contracts from ExxonMobil Corp., the Wall Street Journal reported. While the purchase price was not disclosed, Couche-Tard said it plans to pay

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Mac’s, XYIENCE Partner for Sweepstakes

“We have been very pleased with the performance of the Xenergy brand in our stores and as a result, have recently expanded our listing base to include Xenergy Xtreme flavors,” says Mac’s spokesperson. XYIENCE, maker of Xenergy, the official energy drink of the UFC, and Mac’s Convenience Stores Inc., a division of Alimentation Couche-Tard, have

CircleK2

Couche-Tard’s Q3 Report: Profits Up

“Despite the absence of recent major acquisitions, quarter after quarter, we continue to create value for our shareholders by improving our sales and margins and through initiatives that allow us to increase our efficiency,” says vice president. Alimentation Couche-Tard Inc. announced net earnings of $71.0 million for its third quarter, up $16.2 million or 29.6%

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Circle K Elevates Xenergy To A National Brand

Now at least three different varieties of XYIENCE’s Xenergy are planned for each region where Circle K operates, catering to local taste preferences. Circle K has sealed an agreement with XYIENCE, elevating its energy drink brand Xenergy to national status and giving it potential access to all 4,200 locations of the convenience store chain. The

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Quebec Union Targets Couche-Tard

Quebec’s second-largest organized labor group, The Conféderation des syndicats nationaux (CSN),  is planning to begin a huge unionization attempt of corner stores in the province, targeting c-store giant  Alimentation Couche-Tard Inc., the Montreal Gazette reported. CSN has reportedly formed a first union at a Couche-Tard convenience store in Montreal and that it aims to push

Couche-Tard’s Digital Signage Network Adds Bluetooth Connectivity

In 2011, some 1,400 Mac’s/Couche-Tard convenience stores in Canada are set to be connected by a digital signage network that includes bluetooth enabled technology, operated under a new partnership between Toronto-based iSIGN Media Solutions and Pinpoint Media Group, Mediacaster Magazine reported. Using iSIGN’s patent pending interactive advertising solution is expected to expand the advertising content

Couche-Tard Announces Share Repurchase Program

Alimentation Couche-Tard Inc. announced that The Toronto Stock Exchange has approved its share repurchase program. The company is now authorized to repurchase up to 2,685,335 Class A multiple voting shares (representing 5 % of the 53,706,712 Class A multiple voting shares issued and outstanding) and 11,621,801 Class B subordinate voting shares (representing 10 % of the 116,218,014

Couche-Tard Walks Away

Alimentation Couche-Tard Inc. has allowed its tender offer to acquire all of the outstanding shares of Casey’s General Stores Inc. for $38.50 per share in cash to expire at 5:00 p.m., New York City time, on Sept. 30, 2010. At the expiration of the offer, certain conditions to the offer had not been satisfied and

Is Couche-Tard Out?

After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors

Couche-Tard To Casey’s: Reveal Terms of 7-Eleven Bid

Alimentation Couche-Tard Inc. challenges Casey’s to announce any developments relating to 7-Eleven’s non-binding preliminary bid on Sept. 2, ahead of the 2010 Annual Meeting of Shareholders scheduled for Sept. 23. “We believe that disclosure of 7-Eleven’s preliminary, non-binding indication of interest is yet another attempt to obfuscate the choices that have been presented to the

Couche-Tard Would Increase Offer

Alimentation Couche-Tard Inc. is again appealing to Casey’s shareholders ahead of this week’s annual shareholders meeting set for Sept. 23. It urged shareholders to consider the following when voting: “7-Eleven has not made a formal offer to acquire Casey’s. Unlike Couche-Tard’s $38.50 per share fully-financed cash premium offer to acquire all of the outstanding shares

Casey’s Confirms Discussions with 7-Eleven

Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on

Couche-Tard Suggests That Casey’s Delay Annual Meeting

Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss

Casey’s To Acquire 52 Stores

Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2

Casey’s Mystery Bidder Revealed

7-Eleven is  the previously unnamed third party bidder that has offered to buy Casey’s General Stores for $2.03 billion or $40 per share, the Wall Street Journal reported. 7-Eleven’s $40-a-share offer surpasses Alimentation Couche-Tard’s bid of $38.50 a share. Casey’s has rejected Couche-Tard’s advances since it placed its first hostile bid for the company back

Third Party Bids For Casey’s

Couche-Tard has some competition in its quest to acquire Casey’s General Stores Inc. Casey’s announced that it has received a preliminary proposal from a strategic third party regarding a consensual transaction at $40 per share in cash. Casey’s General Stores Inc.’s Board of Directors today, Sept. 7,  unanimously recommended against Alimentation Couche-Tard Inc.’s revised tender

Couche-Tard Responds

Alimentation Couche-Tard Inc. today responded to the announcement by Casey’s General Stores Inc. that it had authorized discussions with a third party regarding a preliminary non-binding proposal to acquire Casey’s: “We are pleased that Casey’s is now in ‘revlon’ mode given that the Casey’s Board of Directors has finally made the decision to put the

Couche-Tard Raises Bid

Alimentation Couche-Tard Inc. has increased its tender offer for Casey’s General Stores to $38.50 per share in cash, as Casey’s responds by advising its shareholders not to take any action as it reviews the revised bid. The revised offer of $38.50 is $0.50 per share higher than the price at which a majority of outstanding

Casey’s Reports Recapitalization Results

Casey’s General Stores Inc. has announced the preliminary results of its modified “Dutch auction” self tender offer, which expired on Aug. 25, 2010 at midnight New York City time, determining the recapitalization was a success. Based on the preliminary count, a total of approximately 28.2 million shares were validly tendered at the minimum purchase price

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