LAVAL, QC, March 20, 2024 /CNW/ - For its third quarter ended February 4, 2024, Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announces net earnings attributable to shareholders of the Corporation of $623.4 million, representing $0.65 per share on a diluted basis, compared with $737.4 million for the corresponding quarter of fiscal 2023, representing $0.73 per share on a diluted basis. The results for the third quarter of fiscal 2024 were affected by pre-tax acquisition costs of $5.6 million and by a pre-tax net foreign exchange gain of $5.4 million. The results for the comparable quarter of fiscal 2023 were affected by pre-tax acquisition costs of $2.7 million and by a pre-tax net foreign exchange loss of $1.6 million. Excluding these items, the adjusted net earnings attributable to shareholders of the Corporation¹ were approximately $625.0 million, or $0.65 per share on a diluted basis for the third quarter of fiscal 2024, compared with $741.0 million, or $0.74 per share on a diluted basis for the corresponding quarter of fiscal 2023, a decrease of 12.2% in the adjusted diluted net earnings per share¹. This decrease is primarily driven by lower road transportation fuel gross margin¹ in the United States and softness in traffic as a portion of our customers remains impacted by challenging economic conditions, partly offset by the favorable impact of the share repurchase program and the contribution from acquisitions, which amounted to approximately $27.0 million. All financial information presented is in US dollars unless stated otherwise.