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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 quarterly results top estimates, helped by panic buying

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06/29/2020 | 05:47pm EDT
Pedestrians walk past a Couche-Tard convenience store in Montreal

Canada's Alimentation Couche-Tard Inc's quarterly results beat estimates on Monday, as customers spent more per trip to its convenience stores, even as overall traffic declined due to the COVID-19 pandemic.

Similar to other food and essential items' retailers, Couche-Tard was allowed to keep most of its stores open during the coronavirus lockdowns and saw a surge in the sale of canned goods and cleaning products due to panic buying.

However, the company said traffic soon tapered off as customers increasingly chose to stay at home over fears of the fast-spreading virus.

A drop in demand at the company's fuel stations dragged down its total revenue by 26.1% to $9.69 billion from a year earlier, but it still beat analysts' average estimate of $9.36 billion, according to IBES data from Refinitiv.

Revenue at Couche-Tard's fuel retail business, its biggest segment, fell 34% to about $6.32 billion.

Excluding certain items, the company reported earnings of 47 cents per share, beating analysts' average estimate of 43 cents, as its profit margins got a boost from a fall in crude oil prices.

Net income attributable to the company rose to $576.3 million, or 52 cents per share, in the fourth quarter ended April 26, from $293.1 million, or 26 cents per share, a year earlier.

(Reporting by Uday Sampath in Bengaluru; Editing by Vinay Dwivedi)

Stocks mentioned in the article
ChangeLast1st jan.
ALIMENTATION COUCHE-TARD INC. 0.68% 46 Delayed Quote.10.90%
LONDON BRENT OIL 1.09% 43.44 Delayed Quote.-36.11%
WTI 0.91% 40.775 Delayed Quote.-35.52%
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Financials (USD)
Sales 2021 51 195 M - -
Net income 2021 1 875 M - -
Net Debt 2021 5 151 M - -
P/E ratio 2021 19,8x
Yield 2021 0,75%
Capitalization 37 441 M 37 398 M -
EV / Sales 2020
EV / Sales 2021 0,83x
Nbr of Employees 131 000
Free-Float 76,2%
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Technical analysis trends ALIMENTATION COUCHE-TARD I
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 13
Average target price 35,92 $
Last Close Price 33,60 $
Spread / Highest target 13,0%
Spread / Average Target 6,93%
Spread / Lowest Target 0,86%
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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