$ATD.TO

Alimentation Couche-Tard Fiscal Q4 Adjusted Profit Jumps 51%, Tops Estimates

Alimentation Couche-Tard (ATD.TO) on Monday reported a 51% year-on-year rise in adjusted profit for its fiscal fourth quarter, beating analyst estimates on higher merchandise and service revenues and announcing a dividend.The company said its adjusted profit, excluding most one-time items rose, to US$667 million, or US$0.73 per diluted share, from US$441.0 million, or US$0.46, a year earlier, exceeding the consensus US$0.54 estimate compiled by FactSet.ATD said the results were affected by a pre-tax net recovery from the resolution and remeasurement of certain long-standing legal matters of US$260.9 million, by a pre-tax net foreign exchange gain of US$5.9 million and by pre-tax acquisition costs of US$3.3 million in the fourth quarter.Revenue for the quarter ended April 26 was US$19.5 billion, up from a year earlier revenue of US$16.3 billion. It reported a total merchandise and service revenues of US$4.5 billion, an increase of 7.7%.During the fourth quarter and fiscal 2026, the company said it repurchased 0.4-million and 30.0-million shares, respectively. Additionally, the company also declared a quarterly dividend of C$0.215 per share for the fourth quarter to shareholders on record as at July 9 and approved its payment effective July 23."The commitment and resilience of our teams is reinforcing the progress we are making in the business as we continue to win in the markets we serve," said chief executive Alex Miller.The company's shares closed down C$0.11 to C$82.26 on the Toronto Stock Exchange on Monday.

National Bank of Canada Raises Alimentation Couche-Tard Price Target Ahead of Fiscal Q4 Results

National Bank of Canada on Wednesday raised its price target on the shares of Alimentation Couche-Tard (ATD.TO) to C$91.00 from C$89.00 while maintaining its outperform rating ahead of the company's fiscal fourth-quarter results, set to be released on June 22.The analysts said they expect earnings per share to be US$0.58, above the consensus of US$0.53 and up from US$0.46 last year. The expected 26% year-over-year EPS growth is driven by merchandise sales growth, stronger merchandise and fuel margins, contributions from the GetGo acquisition, and share buybacks, partly offset by higher depreciation, interest expense, and taxes.Higher fuel margins are expected across all regions of operations, mainly due to increased fuel price volatility and continued supply chain improvements. However, higher fuel prices are likely to pressure U.S. fuel demand, particularly among lower-income households, the analysts said.The analysts added that, in U.S. merchandise sales, growth is expected to be supported by food initiatives and momentum in nicotine, partly offset by consumer caution. The company previously said positive sales trends from fiscal Q3, when same-store sales growth was 2.8%, continued into part of fiscal Q4."The key for Alimentation Couche-Tard is to deliver sustained growth via organic drivers, share repurchases, and acquisitions. We believe that the company is on firmer footing to deliver growth as numerous revenue drivers/efficiencies are in place, and largely showing results," the analysts said.

Couche-Tard Says It Has Priced a Private Debt Offering of Euro Denominated Senior Unsecured Notes Due 2033 With An Aggregate Principal Amount of 750M Euros