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    ATD.B   CA01626P4033

ALIMENTATION COUCHE-TARD INC.

(ATD.B)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 09/28 05:00:00 pm
48.31 CAD   -0.72%
09/08ALIMENTATION COUCHE-TARD INC. : Ex-dividend day for
FA
09/01ALIMENTATION COUCHE-TARD INC. : Announces Election of Directors
AQ
09/01Alimentation Couche-Tard Inc. Appoints Louis Vachon as Director
CI
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Alimentation Couche Tard : says reopening spurring return to pre-pandemic business

06/30/2021 | 12:59pm EDT

LAVAL, Que.Alimentation Couche-Tard Inc. says it remains on the path to doubling its pre-tax profits by 2023 as the economic reopening is helping business to return to pre-pandemic levels.

The Quebec-based convenience store retailer beat expectations in its fourth quarter as fuel margins surged despite lower volumes as people haven't yet fully resumed they're driving habits.

Couche-Tard expects to double its earnings before interest, taxes, depreciation and amortization from 2018 levels to about US$6 billion in its 2023 financial year by growing existing sales through a series of efforts including expanding fresh food sales and acquisitions.

Chief executive Brian Hannasch told analysts that the company has made "notable progress" in accelerating organic growth by expanding fresh food to 2,000 stores, including expanding its Fresh Food, Fast program to Canada in the quarter.

The company beat expectations as its adjusted profit increased 11 per cent to 52 cents US in the quarter, that was 21 per cent above analyst forecasts.

Couche-Tard says the results strengthened where COVID restrictions have eased with traffic returning to rural and suburban locations at a faster rate than in urban stores.

While fuel sales remain impacted by restrictions, Hannasch says there's an improvement, especially in the U.S., where it is seeing a return to more normal driving patterns.

This report by The Canadian Press was first published June 30, 2021.

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

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about ALIMENTATION COUCHE-TARD INC.
09/08ALIMENTATION COUCHE-TARD INC. : Ex-dividend day for
FA
09/01ALIMENTATION COUCHE-TARD INC. : Announces Election of Directors
AQ
09/01Alimentation Couche-Tard Inc. Appoints Louis Vachon as Director
CI
09/01ALIMENTATION COUCHE TARD : Couche-Tard hopes vaccine mandates will mitigate effect of Delt..
AQ
08/31ALIMENTATION COUCHE TARD : Report Q1 2022
PU
08/31ALIMENTATION COUCHE TARD : Couche-Tard beats expectations even as Q1 profit slips on 40 pe..
AQ
08/31Alimentation Couche-Tard Second-Quarter Profit Falls 1.6% Despite Rise in Sales
MT
08/31TRANCHE UPDATE ON ALIMENTATION COUCH : ATD.B)'s Equity Buyback Plan announced on April 21,..
CI
08/31ALIMENTATION COUCHE TARD : Earnings Flash (ATD.B.TO) ALIMENTATION COUCHE-TARD Posts Q1 Rev..
MT
08/31ALIMENTATION COUCHE TARD : Earnings Flash (ATD.B.TO) ALIMENTATION COUCHE-TARD Posts Q1 Adj..
MT
More news
Analyst Recommendations on ALIMENTATION COUCHE-TARD INC.
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Financials (USD)
Sales 2022 58 266 M - -
Net income 2022 2 539 M - -
Net Debt 2022 5 407 M - -
P/E ratio 2022 15,7x
Yield 2022 0,82%
Capitalization 41 207 M 41 180 M -
EV / Sales 2022 0,80x
EV / Sales 2023 0,78x
Nbr of Employees 124 000
Free-Float 76,6%
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 38,10 $
Average target price 45,06 $
Spread / Average Target 18,3%
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
Sector and Competitors