Couche-Tard says cost pressures are reducing snack purchases
Couche-Tard snack sales soften as shoppers cut back amid higher living costs See how the retailer is adjusting shelves, promos and product mix to stay aligned
Some Alimentation CoucheTard customers are buying fewer snack foods as household budgets come under pressure.
Chief executive Alex Miller said shoppers are becoming more selective as the cost of living remains high and fuel costs rise. He said that has led to softer sales in categories such as carbonated soft drinks, salty snacks and sweets.
In response, CoucheTard is adjusting shelf space, revising its product mix and changing promotions to better match customer demand. The comments came one day after the Laval, Quebecbased convenience store operator reported higher firstquarter net earnings and revenue year over year.