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Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 12 – Alimentation Couche-Tard When Headline Numbers are Misleading
On March 19, 2019 Alimentation Couche-Tard announced (TSX: ATD/B) its 3rd quarter results and the headline numbers gave the impression that they missed on EPS, when compared to consensus. In my view, they reported an outstanding quarter. The miss came from fuel margins, and ever since I’ve been following this stock, analysts have had a difficult time predicting fuel margins. Hence, why I focus on merchandise. On that front ATD/B reported impressive SSSG which was well ahead of consensus, especially in the U.S. The company was able to execute on their promotions, product mixes, and loyalty programs.
Disclaimer: Palos Funds are shareholders of ATD/B.
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