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    ATD.B   CA01626P4033

ALIMENTATION COUCHE-TARD INC.

(ATD.B)
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Alimentation Couche Tard : Couche-Tard to Sell 49 Sites to Casey's; Plans to Shed 300 More

03/22/2021 | 07:11am EDT

By Colin Kellaher

Alimentation Couche-Tard Inc. on Monday said that it agreed to sell 49 sites in Oklahoma to Casey's General Stores Inc., and that it is exploring the sale of more than 300 additional sites across the U.S. and Canada following a strategic review of its network.

The Laval, Quebec, convenience-store operator said it is selling 46 leased and three owned properties to Casey's for $39 million in a deal slated to close by July 31.

Couche-Tard, which operates more than 14,200 stores in 26 countries and territories, also said it has hired a real-estate advisory firm to coordinate the sale of 306 sites, including 269 sites across 25 states in the U.S. and 37 locations in six provinces in Canada.

The company said the locations it is shedding no longer fit its strategic objectives, either from a brand perspective or from a regional scale perspective.

Casey's, based in Ankeny, Iowa, operates more than 2,200 convenience stores in 16 states.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

03-22-21 0810ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIMENTATION COUCHE-TARD INC. 1.82% 50.29 Delayed Quote.13.85%
CASEY'S GENERAL STORES, INC. 0.13% 197.71 Delayed Quote.10.73%
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Financials (USD)
Sales 2022 55 243 M - -
Net income 2022 2 290 M - -
Net Debt 2022 5 068 M - -
P/E ratio 2022 18,5x
Yield 2022 0,79%
Capitalization 43 373 M 43 335 M -
EV / Sales 2022 0,88x
EV / Sales 2023 0,82x
Nbr of Employees 124 000
Free-Float 76,6%
Chart ALIMENTATION COUCHE-TARD INC.
Duration : Period :
Alimentation Couche-Tard Inc. Technical Analysis Chart | ATD.B | CA01626P4033 | MarketScreener
Technical analysis trends ALIMENTATION COUCHE-TARD INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 39,64 $
Average target price 43,25 $
Spread / Average Target 9,10%
EPS Revisions
Managers and Directors
Brian P. Hannasch President, Chief Executive Officer & Director
Claude Tessier Chief Financial Officer
Alain Bouchard Executive Chairman
Deborah Hall Lefevre Chief Technology Officer
Alex Miller Executive Vice President-Operations North America
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