Bullboard - Stock Discussion Forum Alimentation Couche-Tard Inc T.ATD

Alternate Symbol(s): ANCTF

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... see more

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TSX:ATD - Post Discussion

Alimentation Couche-Tard Inc > BMO

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Post by retiredcf on Aug 23, 2023 11:15am

BMO

Elsewhere, BMO’s Tamy Chen raised her quarterly EPS projection to 77 cents from 69 cents, keeping an “outperform” rating and $75 target.

“The largest factor behind the increase is a higher U.S. fuel margin based on the quarter-over-quarter trend in industry data,” she said. “In addition, we lowered our SG&A expense after incorporating our estimates for electronic payment fees and FX rates during the quarter. Lastly, we nudged up our U.S. merchandise comp, primarily based on IRI data.”

“We believe Alimentation Couche-Tard continues to have several growth opportunities going forward, including the fuel rebrand initiative, improving the profitability of the fresh food program, and the global M&A roll-up element where we believe there remains significant opportunities in Asia and Europe.”

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