Couche-Tard shares jump 11% as Q4 U.S. gasoline margin hits 52.44 cents a gallon and profit doubles

Alimentation Couche-Tard reported fiscal 2024 fourth-quarter results, benefiting from sharp oil-price swings tied to the war in Iran. Its U.S. gasoline gross margin reached 52.44 cents a gallon, up 9.17 cents from a year earlier and the highest level in more than five years. The margin was well above the industry average of 35 cents a gallon for the period. Quarterly net profit doubled year over year to $863.4 million.