Parkland sees earnings rise 40 per cent in first quarter of 2023

Parkland Corp. says it earned $77 million in the first quarter of 2023, up 40 per cent from $55 million a year earlier.

The Calgary-based convenience store operator and fuel retailer says sales and operating revenue for the quarter ended March 31 were $8.2 billion, up 7.2 per cent from $7.6 billion during the first quarter of 2022. 

Diluted earnings per share were 43 cents, up 23 per cent from 35 cents a year ago. 

Adjusted earnings before interest, taxes, depreciation and amortization in Canada were down 12.6 per cent to $167 million, while international adjusted EBITDA more than doubled, to $183 million.