Overview
Canada convenience retailer's fiscal Q3 revenue rose 4.3% yr/yr but missed analyst expectations
Adjusted EPS for fiscal Q3 increased 19.1% yr/yr but missed analyst expectations
Company repurchased 12.9 mln shares during the quarter
Outlook
Company did not provide specific financial guidance for the current quarter or full year
Result Drivers
SAME-STORE SALES - Positive same-store merchandise sales growth in all regions, led by U.S. food service and meal deals
Company press release: ID:nCNW3VvC8a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $21.8 bln | $22.20 bln (11 Analysts) |
Q3 Adjusted EPS | Miss | $0.81 | $0.82 (13 Analysts) |
Q3 Adjusted Net Income | Miss | $751 mln | $764.62 mln (5 Analysts) |
Q3 Net Income | $757.2 mln | ||
Q3 Gross Profit | $4.2 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "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$92.00, about 9.2% above its March 16 closing price of C$84.25
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)