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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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Alimentation Couche Tard : Q1 profit surges 44% despite big drop in fuel sales

09/01/2020 | 05:37pm EST

LAVAL, Que.Alimentation Couche-Tard says its net profit surged 44 per cent in its latest quarter despite a big drop in fuel sales at its convenience stores because of COVID-19.

The Quebec-based retailer that operates the Circle K brand says it earned US$771.1 million or 70 cents per diluted share in its first quarter, up from US$538.8 million or 48 cents per share a year earlier.

Adjusted earnings attributable to shareholders came in at 71 cent per share, up from 40 cents per share forecast by analysts, according to financial markets data firm Refinitiv.

Revenues for the three months ended July 19 decreased 31.4 per cent to US$9.71 billion, compared with US$14.2 billion a year earlier and below forecasts of US$10.55 billion.

The retailer said its in-store sales benefited from shoppers buying more, while fuel sales were hurt by lower demand and prices, partially offset by strong fuel margins.

Same-store fuel volume decreased 21.2 per cent in the U.S., 25.6 per cent in Canada, and 12.4 per cent in Europe.

"We delivered another solid quarter in the face of a challenging and unprecedented macroeconomic environment caused by the COVID-19 pandemic," stated chief financial officer Claude Tessier.

This report by The Canadian Press was first published Sept. 1, 2020.

Companies in this story: (TSX:ATD.B).

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2021 45 233 M - -
Net income 2021 2 631 M - -
Net Debt 2021 3 681 M - -
P/E ratio 2021 15,9x
Yield 2021 0,77%
Capitalization 38 014 M 38 158 M -
EV / Sales 2021 0,92x
EV / Sales 2022 0,78x
Nbr of Employees 131 000
Free-Float 77,5%
Chart ALIMENTATION COUCHE-TARD INC.
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Alimentation Couche-Tard Inc. Technical Analysis Chart | ATD.B | CA01626P4033 | MarketScreener
Technical analysis trends ALIMENTATION COUCHE-TARD INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 40,98 $
Last Close Price 34,09 $
Spread / Highest target 34,9%
Spread / Average Target 20,2%
Spread / Lowest Target 15,2%
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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