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    ATD.B   CA01626P4033

ALIMENTATION COUCHE-TARD INC.

(ATD.B)
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Alimentation Couche Tard : Circle K teams with Standard Cognition on automated Arizona store

08/14/2020 | 11:16am EDT

Convenience brand Circle K is deploying technology from Standard Cognition, a provider of autonomous checkout technology, to offer customers a touchless, autonomous checkout.

The brand, a subsidiary of Alimentation Couche-Tard, runs 14,500 stores worldwide and is piloting the technology at a Phoenix, Arizona store retrofitted with AI technology, according to a pres release.

At the pilot store, consumers can walk in, pick up what they need and walk out without any need to stand in line or conduct a transaction at a register or even self-checkout.

The effort, on the Standard Cognition side, meant integrating with Circle K's legacy systems and working with current store layout, inventory management, replenishment processes as well as lighting and fixtures.

There will be no shelf sensors in the Circle K store; instead, Standard Cognition uses ceiling-mounted cameras as well as proprietary AI and machine vision software to accurately associate each shopper with the items they pick up — without using biometric data, according to the release.

"Autonomous checkout is one of our innovation priorities that enable us to make our customers' lives a little easier every day. We thoroughly evaluated the market and realized that working with Standard presented significant benefits since they could integrate with our existing systems and retrofit our existing stores," Magnus Tägtström, head of global digital innovation at Alimentation Couche-Tard, said in the release. "We will not have to relocate merchandise, replace shelves or build an entirely new store to implement autonomous checkout. We are excited to partner with Standard to try this technology in some of our stores worldwide."

Image courtesy of Standard Cognition.

Copyright © 2020 Networld Media. All rights reserved., source Industry News

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Financials (USD)
Sales 2021 45 007 M - -
Net income 2021 2 543 M - -
Net Debt 2021 6 134 M - -
P/E ratio 2021 15,5x
Yield 2021 0,73%
Capitalization 38 022 M 37 853 M -
EV / Sales 2021 0,98x
EV / Sales 2022 0,81x
Nbr of Employees 131 000
Free-Float 76,8%
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Alimentation Couche-Tard Inc. Technical Analysis Chart | ATD.B | CA01626P4033 | MarketScreener
Technical analysis trends ALIMENTATION COUCHE-TARD INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 35,54 $
Average target price 38,83 $
Spread / Average Target 9,27%
EPS Revisions
Managers and Directors
NameTitle
Brian P. Hannasch President, Chief Executive Officer & Director
Claude Tessier Chief Financial Officer
Alain Bouchard Executive Chairman
Deborah Hall Lefevre Chief Technology Officer
Darrell Davis Executive Vice President-Operations North America
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