Convenience store operator Alimentation Couche-Tard Q2 adjusted EPS beats estimates

Overview

• Couche-Tard fiscal Q2 revenue slightly misses analyst expectations

• Adjusted EPS for fiscal Q2 beats analyst expectations

• Company repurchased nearly $900 mln of shares, during Q2, indicating strategic capital allocation

Outlook

• Company committed to delivering earnings growth over the course of the year

• Company focuses on operational excellence and supply chain optimization

• Company advancing multi-year investment to strengthen network

Result Drivers

• SAME-STORE SALES GROWTH - Couche-Tard reported growth in same-store sales across all geographies, contributing to increased merchandise and service revenues

• ACQUISITIONS AND INVESTMENTS - The acquisition of GetGo and strategic investments expanded food and convenience offerings in the U.S.

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

• Wall Street's median 12-month price target for Alimentation Couche-Tard Inc is C$85.00, about 15.3% above its November 21 closing price of C$72.02

Press Release: ID:nPn1V8QMva

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.