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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Alimentation Couche-Tard Inc.    ATD.B   CA01626P4033

ALIMENTATION COUCHE-TARD INC.

(ATD.B)
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Delayed Quote. Delayed Toronto Stock Exchange - 05/26 04:00:00 pm
42.22 CAD   -0.07%
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Alimentation Couche Tard : Couche-Tard and Circle K Enact COVID-19 Emergency Measures to Support Customers and Employee

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03/30/2020 | 12:33pm EDT

LAVAL, QC, March 30, 2020 /CNW Telbec/ - As the COVID-19 pandemic continues to escalate across the globe, Alimentation Couche-Tard Inc. ("Couche-Tard") and its wholly owned subsidiary Circle K, have implemented critical emergency measures for the protection and support of the health and safety of its customers and employees. 

In many areas where Couche-Tard and Circle K operate, its stores are designated as part of the emergency infrastructure to serve communities. At all times, the company is staying true to its mission of making its customers' lives a little easier every day and is operating with a long-term mindset for the continuity and value of the business.

Brian Hannasch, the company President and CEO, said: "I know these are stressful, difficult days as we see the effects of this global pandemic on our lives, workplaces, and neighborhoods. As a company, we are deeply committed to being part of the solution for our customers and our employees. Our team members are working hard to create impactful measures to serve our communities, and I have never been prouder to be the leader of this company."

Keeping its focus on its key priority of the health and safety of its employees and customers, the company has put in place significant measures at its stores including:

  • Enacting stringent cleaning measures several times daily anywhere hands touch from surfaces, screens, pumps, restrooms and more.
  • Increasing safety, hygiene, and packaging around food and beverages
  • Installing clear barriers at cash registers to protect customers and employees from coughs, sneezes or other possible exposure
  • Reinforcing best hygiene practices through digital media and display screens at registers
  • Marking stores for social distancing at the checkout line
  • Putting frequently asked questions and answers on its website concerning how stores are operating during these unprecedented times and what our customers can expect in terms of store closing and sanitizing procedures if an employee is diagnosed with COVID-19.

The company is also doing its part to say thank you to those working day and night to combat the virus. Free coffee, tea, and polar pop is being offered to first responders and health care workers, as well as to store employees*.

For the company's hourly store employees on the frontline of this crisis, additional financial and healthcare measures have been implemented including: 

  • Emergency Sick Care Plan for hourly employees in North America that includes both a bank of sick pay hours as well as a pay continuation benefit if someone is either diagnosed with COVID-19 or is placed under a mandatory quarantine.
  • Emergency Appreciation Pay premium for store employees in North America of an additional $2.50 to base hourly rate of pay for all hours worked.
  • Virtual wellness is being added as a benefit for U.S. hourly store employee who have concerns regarding the coronavirus.

In particular, these enhanced employment benefits are part of the emergency planning for North America hourly workers, who do not have same government safety nets as in other regions where the company operates.

As this unprecedented crisis evolves, Couche-Tard and Circle K are committed to updating its customers, employees, and communities on the company's emergency measures via its websites, social media channels, and internal communication tools.

*Offer varies in different regions.

About Alimentation Couche-Tard Inc.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of the number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important presence in Poland.

In addition, under licensing agreements, approximately 2,380 stores are operated under the Circle K banner in 15 other countries and territories (Cambodia, China, Egypt, Guam, Honduras, Hong Kong, Indonesia, Jamaica, Macau, Mexico, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam), which brings the worldwide total network to more than 14,800 stores.

For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: https://corpo.couche-tard.com.

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View original content to download multimedia:http://www.prnewswire.com/news-releases/couche-tard-and-circle-k-enact-covid-19-emergency-measures-to-support-customers-and-employee-301031832.html

SOURCE Alimentation Couche-Tard Inc.

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2020 54 603 M
EBIT 2020 2 885 M
Net income 2020 2 267 M
Debt 2020 6 920 M
Yield 2020 0,80%
P/E ratio 2020 16,1x
P/E ratio 2021 20,8x
EV / Sales2020 0,75x
EV / Sales2021 0,77x
Capitalization 34 098 M
Chart ALIMENTATION COUCHE-TARD I
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Alimentation Couche-Tard I Technical Analysis Chart | ATD.B | CA01626P4033 | MarketScreener
Technical analysis trends ALIMENTATION COUCHE-TARD I
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 31,89 $
Last Close Price 30,61 $
Spread / Highest target 15,3%
Spread / Average Target 4,20%
Spread / Lowest Target -6,14%
EPS Revisions
Managers
NameTitle
Brian P. Hannasch President, Chief Executive Officer & Director
Alain Bouchard Executive Chairman
Darrell Davis Executive Vice President-Operations North America
Claude Tessier Chief Financial Officer
Deborah Hall Lefevre Chief Technology Officer
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