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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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Couche-Tard profit beats on higher grocery demand, lower fuel costs

09/01/2020 | 06:07pm EST

Sept 1 (Reuters) - Canadian convenience store operator Alimentation Couche-Tard Inc's quarterly earnings beat estimates on Tuesday, as customers spent more on groceries at its stores, while a fall in fuel prices boosted profit margins at its gas stations.

Increased fears of the novel coronavirus led people to make fewer trips to its stores, consolidate their shopping and opt for home-delivery and curbside pickups.

Revenue from Couche-Tard's merchandise and services unit that sells food products and everyday essentials rose 7% to $3.86 billion in the first quarter, with gross profit rising 7.5%.

Net income attributable to the company rose 44.2% to $777.1 million, or an adjusted 71 cents per share, in the first quarter ended July 19, beating analysts' estimates of 40 cents, according to IBES data from Refinitiv.

Gross profits in the company's fuel business rose 13.1% due to lower oil prices.

However, a coronavirus-led slump in fuel demand brought Couche-Tard's total revenue down 31.4% to $9.71 billion.

The company said demand was beginning to recover, especially in Europe where travel patterns were normalizing.

(Reporting by Mehr Bedi in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIMENTATION COUCHE-TARD INC. 2.45% 44.07 Delayed Quote.4.59%
LONDON BRENT OIL 1.48% 47.93 Delayed Quote.-27.74%
WTI 1.78% 44.93 Delayed Quote.-26.33%
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Financials (USD)
Sales 2021 45 359 M - -
Net income 2021 2 631 M - -
Net Debt 2021 4 319 M - -
P/E ratio 2021 15,5x
Yield 2021 0,81%
Capitalization 37 138 M 37 135 M -
EV / Sales 2021 0,91x
EV / Sales 2022 0,77x
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 40,82 $
Last Close Price 33,32 $
Spread / Highest target 38,1%
Spread / Average Target 22,5%
Spread / Lowest Target 13,9%
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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