Topic: How To Invest

Stock Pickers Digest Hotline – Friday, July 13, 2018

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $62.80, symbol ATD.B on Toronto, operates 12,700 convenience stores across North America and Europe. The stock rose 10% this week after the company reported its latest quarterly results. In the three months ended April 29, 2018, sales jumped 41.5%, to $13.61 billion from $9.62 billion a year earlier (all figures except share price in U.S. dollars). The jump was mostly due to acquisitions, including convenience-store chain CST Brands (symbol CST on New York). Earnings per share, excluding one-time items, rose 13.5%, to $0.59 from $0.52. That’s despite the latest quarter including one less week than a year ago. The most-recent gain was also above the consensus forecast of $0.57. The company’s outlook remains positive. Earnings should keep rising as it continues to integrate its acquisitions. Couche-Tard is also launching a number of fresh food initiatives and promotional campaigns that should pay off. OUR RECOMMENDATION: Alimentation Couche-Tard is still a buy. Alimentation Couche-Tard recent coverage June 2018 issue Hotline for March 23, 2018 AGT FOOD…

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