Stock Analysis

Alimentation Couche-Tard Third Quarter 2023 Earnings: EPS Misses Expectations

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Alimentation Couche-Tard (TSE:ATD) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$20.1b (up 8.0% from 3Q 2022).
  • Net income: US$737.4m (down 1.2% from 3Q 2022).
  • Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by higher expenses.
  • EPS: US$0.73.
TSX:ATD Earnings and Revenue Growth March 17th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alimentation Couche-Tard EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.8%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Consumer Retailing industry in Canada.

Performance of the Canadian Consumer Retailing industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Alimentation Couche-Tard's balance sheet and an in-depth analysis of the company's financial position.

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