Topic: How To Invest

Power Growth Investor Hotline – Friday, June 30, 2023

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $67.93, is a buy. The retailer (symbol ATD on Toronto) operates 12,432 convenience stores, mostly in North America and Europe. In the three months ended April 30, 2023, revenue fell by 1.0%, to $16.26 billion from $16.43 billion a year earlier (all figures except share price in U.S. dollars). The decline came from lower overall fuel sales. Excluding one-time items, earnings per share rose 29.1%, to $0.71 from $0.55. The lower revenue was offset by higher profit margins in Europe on gasoline fuel sales, as well as growth in sales at convenience stores. On December 8, 2021, the company ended its dual-class share structure. That’s when it converted all of its outstanding class B shares to class A shares on a one-for-one basis. The stock now solely trades under the symbol ATD. Couche-Tard continues to aggressively repurchase its shares. During the quarter ended April 30, 2023, it spent $434.5 million to buy back shares. Meanwhile, investors also benefited from a 27.3% rise…