Topic: How To Invest

Power Growth Investor Hotline – Friday, September 22, 2023

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $70.73, is a buy. The retailer (symbol ATD on Toronto) operates 12,337 convenience stores, mostly in North America and Europe. The company continues to roll out its new loyalty program. That encourages customers to visit more often and spend more per visit. The program, Inner Circle, gives members discounts on fuel and merchandise. It upgrades to a premium membership, which includes more exclusive deals as well as early notice of new products once the customer spends $500 at Circle K stores. Couche-Tard’s initial launch in June 2023 included 429 sites in Florida—but it plans to roll out the program to about 2,500 Southeastern stores before the end of 2023. However, if the launch throughout the Southeast goes well, Couche-Tard is prepared to add another 2,000 stores this year, meaning its Inner Circle program could hit 4,500 U.S. locations by the end of 2023. The company saw 1.2 million enrolments in the new membership program just three weeks after debuting the platform in…