Alimentation Couche-Tard Second Quarter 2023 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: US$16.9b (up 19% from 2Q 2022).

• Net income: US$810.4m (up 17% from 2Q 2022).

• Profit margin: 4.8% (down from 4.9% in 2Q 2022). The decrease in margin was driven by higher expenses.

• EPS: US$0.79 (up from US$0.65 in 2Q 2022).

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

Alimentation Couche-Tard Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Consumer Retailing industry in Canada.

Performance of the Canadian Consumer Retailing industry.

The company's shares are down 1.4% 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've done some analysis and you can see our take on Alimentation Couche-Tard's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here