Alimentation Couche-Tard (TSX: ATD.B) Fiscal 3Q19 Results: Revenue Below Consensus, Merchandise and Fuel Drive Growth

Executive Summary

• Alimentation Couche-Tard reported fiscal 3Q19 revenue of $16.5 billion, slightly below the consensus estimate of $16.8 billion and up 4.6% from 3Q18.
• Merchandise and Service segment revenue increased 8.8% year over year and Road Transportation Fuel segment revenue increased 3.4% year over year.
• Revenue for the Other segment, however, decreased 2.3% year over year.
• Alimentation Couche-Tard will open 42 stores in upcoming quarters.