Profits keep rising for these retailers

Article Excerpt

ALIMENTATION COUCHE-TARD $66.95 (Toronto symbol ATD.B: TSINetwork Rating: Average) (1-800-361- 2612; www.couchetard.com; Shares outstanding: 567.4 million; Market cap: $37.8 billion; Dividend yield: 0.5%) operates 10,869 convenience stores throughout North America and Europe. In the three months ended October 15, 2017, sales jumped 43.8%, to $12.14 billion from $8.45 billion a year earlier (all figures except share price in U.S. dollars). The jump was mostly due to its $4.4 billion acquisition of convenience store chain CST Brands (symbol CST on New York) earlier this year. Earnings per share climbed 37.9%, to $0.80 from $0.58. Cost controls, on top of Couche-Tard’s profitable acquisitions, contributed to that gain. The company’s latest purchases include Holiday Station stores of the U.S. It has yet to reveal the purchase price, but the amount is likely in the range of $1.6 billion to $1.7 billion. Holiday is a major convenience-store operator in the Midwestern U.S. It owns more than 500 locations (a mix of franchise and company-owned outlets), a food commissary…

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