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Alimentation Couche-Tard (TSE: ATD.B) 3Q16 Results: Organic Growth Plus Acquisitions, New Stores and Rebranding

Executive Summary

  • Alimentation Couche-Tard reported fiscal 3Q16 revenues of $9.3 billion, up 2.5% year over year but missing the consensus estimate of $9.9 billion. Comps increased by 0.5% in the US, by 3.4% in Europe and by 0.2% in Canada.
  • Adjusted EPS was $0.53, missing the consensus estimate of $0.59 but representing a 3.9% increase from $0.51 in the year-ago quarter.
  • The company highlighted the ongoing strategic actions it took in the quarter, including the rebranding of certain Circle K stores, a fuel-rebranding project and an acquisition agreement with Imperial Oil.

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