LAVAL, Quebec —Electronic cigarettes and other tobacco products, most notably nicotine pouches, were pluses for the parent of the Circle K chain, which reported double-digit growth for OTP in general.
OTP growth was strong despite San Francisco-based Juul Labs pulling four flavors from retail late last year, said Brian Hannasch, president and CEO of Laval, Quebec-based Alimentation Couche-Tard Inc., during a Sept. 5 first-quarter earnings call.
In the United States, Circle K saw an overall increase in the same-store merchandise revenues of 2.5% compared with the same quarter last year, with solid performances in most of its business units, Hannasch said.
Here are three biggest drivers within the tobacco category for Circle K in its first quarter …