During the quarter, we continued to generate strong free cash flows and our leverage ratio stood at 1.32x. Next question is from John Royall at JPMorgan. While it happened after the quarter, it did cause significant disruption in the U.S. supply. Thank you, Mathieu and good morning everyone. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. And on your specific question about the grants that we received from the government, we accounted for $41 million in government grants during the quarter. Our focus remains on the quality and ease of our operational execution and we continue to optimize our program by launching new items. He joined the company in 2001 and during his 22 years with Alimentation Couche-Tard, has also served as Senior Vice-President, U.S. Operations (2008 to 2010), Senior Vice President, Western North America (2004 to 2008), Vice-President . Moving to the fuel side of the business, for the quarter, same-store road transportation fuel increased 5.4% in the U.S., 3.6% in Europe and other regions, and 4.9% in Canada due to higher fuel demand compared to the comparative quarter. The next question comes from Bobby Griffin at Raymond James. The adjusted income tax rate for fiscal 2021 was 19.5% compared with an adjusted income tax rate of 19.9% for fiscal 2020. Today, I am glad to report, we are fully operational and ready for the summer holiday driving season. Whether thats initiatives we discussed inside the store, our fuel procurements, our branding efforts, or the efforts Claude mentioned to make sure that were continually taking costs out of the business and being a low-cost operator in our space. As the Pres and CEO & Director of Alimentation Couche-Tard, the total compensation of Mr Hannasch at Alimentation Couche-Tard is CAD$5,835,223. Brian, you may begin your conference. Alimentation Couche-Tard Inc. was founded in 1980 and is headquartered in Laval, Canada. There are no executives at Alimentation Couche-Tard getting paid more. Second, Id add, weve brought in Louise Warner. Good. Excluding certain items for both comparable periods, adjusted net earnings for the quarter our fourth quarter of fiscal 2021 were approximately $564 million or $0.52 per share on a diluted basis compared with $0.47 per share for the fourth quarter of fiscal 2020, which represents an increase of 10.6%. We also continue to invest in our business preparing for the future and eventual return to pre-pandemic traffic levels. But at the same time, household income levels are very healthy really globally. Also, please remember that some of the issues discussed during this webcast might be forward-looking statements, which are provided by the corporation with its usual caveats. Alimentation Couche-Tard, Inc. (OTCPK:ANCUF) Q3 2021 Earnings Conference Call March 18, 2021 8:00 AM ETCompany ParticipantsJean Marc Ayas - Manager, Investor Relations Brian Hannasch -. But as we think about it, we see fuel volumes have remained below their historical levels. Historically, U.S. fuel margins have been inversely correlated to fuel prices. Mr. Hannasch owns 512 shares of AutoZone stock worth more than $1,258,465 as of June 29th. So, we have seen tremendous pressure to hire. In this past quarter, weve been able to procure meaningful amounts of that in North America, shipping into our Scandinavian markets at a cost advantage basis. Can you explain the nature of the $26 million inventory adjustment related to merchandise cost profits? We have taken some big swings at acquisitions, big and small over the past couple of years, but we have been concerned about valuation levels. So, that inherently means a sharp retention of fuel margins. This concludes todays conference. We all know that 50% of the trips in our industry are focused on the beverage and satisfying a first need. Enter your email address below to get our daily insider buying and selling report. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. And then compounding that with Circle K fuel, which gives us, again, more optionality, better procurement capabilities, better consumer offer. We have multiple pilots in place and feel this is a very material opportunity for our company. Yes, Brian. Alimentation Couche-Tard Management - Simply Wall St You have increasingly spoken about the attractiveness of business-to-business fueling and the importance of a local presence of the Circle K brand. Ladies and gentlemen, good morning. There are 5 older and 2 younger executives at Alimentation Couche-Tard. So despite not being able to meet them in person since the acquisition, weve had some great conversations and they have added value back to us already. Id emphasize the importance of the initiatives that weve got in place to create sustainable advantages versus the industry. Mr. Hannasch owns 512 shares of AutoZone stock worth more than $1,271,542 as of July 4th. $217,100 was awarded as stock and
Retailer executive of the year Brian Hannasch cites rejuvenation of the This report will, first, examine the CEO compensation levels in. The next question is from Chris Li at Desjardins Securities. In Q4, we piloted our new Sip & Save beverage subscription across 122 stores, allowing customers to redeem one beverage of their choice hot or cold for everyday for a monthly cost of $5.99. Great. Also, what is the M&A environment in Asia? So while trying to remain competitive, we are focused on trying to keep these costs as variable as we can until we truly understand how much of this is short-term versus sustained cost pressure. Brian Hannasch - Address & Phone Number | Whitepages Yes, I certainly cant speak for our competitors. But there have been material structural things that blocked our ability to deploy that at the same pace or have that same level of success in North America. We have a comprehensive program internally to manage and optimize our costs. This net worth estimate does not reflect any other assets that Mr. Hannasch may own. So for this, we are using, as you mentioned, our scale and we are using technology, also the strength of our support function to help reduce our costs. updated as of 24-02-2021. The basket is declining a bit, but still at levels well above pre-COVID. For the capital allocation, we are still going to be opportunistic on our buyback. Fuel margins remain robust. I just have our organization focused on widening the advantages that we have versus the overall industry. The company operates its convenience stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, and Mac's. In the face of this, we are doing a lot to maintain staffing levels. Coronavirus Tips Working and Protection. Yes, I think we fully expect to see leisure travel in particular, to grow significantly over last years levels. Brian Hannasch CEO / President - - The average Circle K executive compensation is $238,002 a year.The median estimated compensation for executives at Circle K including base salary and bonus is $239,084, or $114 per hour. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Yes, a few things to share there. But at the same time, we remain optimistic that M&A can and will be a part of our growth story. So, its however its an ongoing process, and we are always looking for ways to optimize our network and to ensure that our stores are strategically relevant. There is 25 states that have either announced or ended supplemental unemployment benefits in the U.S. And we are seeing again increased outflow in those states. We also continue to realize good fuel margins in all our regions of the business despite significant increases in product costs during the quarter. AUTOZONE INC Board Member Brian Hannasch | Salary.com Mr. Hannasch was previously Chief Operating Officer since 2010 and Senior VicePresident, U.S. Operations from 2008 to 2010.From 2004 to 2008, he was Senior Vice-President, Western North America and VicePresident, Integration from 2003 to 2004. Next on the agenda, we will focus on the data and analytics teams on optimizing assortment and promotional activities at the local store level. Can you give us color on the contribution of key initiatives to driving same-store sales growth? 29, 2022 3:19 PM ET Alimentation Couche-Tard Inc. (ANCUF), ATD:CA, ANCTF SA. Yes, Vishal. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Entering text into the input field will update the search result below. Thank you, Brian. Brian Hannasch Net Worth (2023) | wallmine Learn More on Brian Hannasch's trading history. So Michael, I think Brian alluded to the labor challenges that were facing in the U.S., particularly. And its been encouraging these past months, as you have noted, as costs have increased globally to see the industry remain rational and fuel margins, unit margins remaining very strong and compensating for the lack of volume. Moving to Graeme Kreindlers from Eight Capital. Brian Hannasch is President and Chief Executive Officer of Alimentation Couche-Tard since 2014 and served as its Chief Operating Officer from 2010 to 2014. They purchased a total of 217 shares worth more than $522,180.12. $0 was received as change in pension value and nonqualified deferred compensation earnings,
Still a strong performance in our view, testament to our cost discipline and commitment to all our expenses, growth under inflation rate like its always been a challenge and that weve communicated in previous meetings. So the net reliable value provision was taken consequences of the markets reopening and mandatory mask wearing in many jurisdictions was lifted. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Meet Brian Hannasch, the American in charge of a beloved Quebec brand Two years ago, Quebec's Couche-Tard chose Brian Hannaschan Iowan who doesn't speak a word of Frenchto take over as. While fuel volumes remain impacted by restricted measures, steady improvements carried through parts of the network, especially in the U.S., where we are seeing a return to more normal driving patterns. Alimentation Couche-Tard, Inc. (ANCUF) CEO Brian Hannasch on Q3 2021 Brian Hannasch - President and Chief . Brian Hannasch has led the tremendous expansion of Alimentation Couche-Tard Inc. (ACT), driving organic growth while executing and integrating multibillion-dollar acquisitions of such companies as The Pantry, Statoil, CST Brands and Holiday Stationstores.