A humorous look at the companies that caught our eye, for better or worse, this week
When its sales forecast whiffedAlimentation Couche-Tard Inc. True or false? Convenience stores are immune from economic downturns. Answer: false. Shares of Alimentation Couche-Tard Inc. slumped after the global operator of more than 16,700 Couche-Tard, Circle K and other C-stores posted adjusted net earnings of US$625-million or 65 US cents a share for the fiscal third quarter, down from 74 US cents a year earlier and well below the 84 US cents analysts had expected.
Heck, if making money is this easy, every company should split its shares 50-for-1. Or, better yet, 100-for-1, or 1,000-for-1.Forget spending two months’ salary on a diamond engagement ring. The new benchmark: zero months salary. With wedding engagements having fallen off a cliff during COVID-19 and still languishing below prepandemic levels, Signet Jewelers Ltd. reported that same-store sales slumped 9.6 per cent year-over-year in the holiday quarter ended Feb.
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