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Alimentation Couche-Tard Inc T.ATD

Alternate Symbol(s):  ANCTF

Consumer Defensive Grocery Stores
Alimentation Couche-Tard Inc. is engaged in convenience and mobility, operating in about 29 countries and territories, with more than 16,700 stores, of which almost 13,100 offer road transportation fuel. With its Couche-Tard and Circle K banners, the Company is an independent convenience store operator in the United States, and it is engaged in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has a presence in Poland, Hong Kong Special Administrative Region of the People's Republic of China, Belgium, Germany, Luxembourg, and the Netherlands. Its North American network consists of about 17 business units, including 14 in the United States covering 47 states and three in Canada covering all 10 provinces. In Europe, it operates a broad retail network across Scandinavia, Ireland, Poland, and the Baltics through seven business units. Its operating brands include Circle K, Couche-Tard, and Ingo.


TSX:ATD - Post by User

Alimentation Couche-Tard Inc
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Post by retiredcfon Jul 02, 2022 2:01pm
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Post# 34797468

Another Earnings Assessment

Another Earnings Assessment

Sales were $16.43B beating estimates by 7% and growing 34% year-over-year. Adjusted EPS was 55 cents beating estimates by 3.4% up from 52 cents in the same quarter in the previous year. Like other retail companies, the company faced higher costs on labor and other supply chain issues. However, the company managed the challenges quite well. Gross margins were up slightly. Fuel margins in North America were healthy due to higher fuel prices, but felt pressure in Europe due to higher costs and supply chain complications due to sanctions on Russia. Growth was good across all sectors. Considering the industry headwinds, it was a good quarter and the company is well positioned given its exposure to fuel prices, strong supply chain and global presence. We would be fine buying at these levels. We view ATD as a strong consumer staple name to own. At 15x earnings and 9x EV/EBITDA, the valuation is within the lower end of its recent history. Considering other consumer staples names, ATD is reasonably priced in our view. (5iResearch)

 

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