2 Consumer Stocks To Buy This Quarter

3 min read | April 28, 2021 12:56 PM EDT | By Anuj

2 Consumer Stocks To Buy This Quarter — Image source: ANDRANIK HAKOBYAN,Shutterstock

Alimentation Couche-Tard Inc (TSX: ATD.B)

Retail chain Alimentation Couche-Tard provides merchandise, road transportation fuel and other goods across North America and Europe. It operates convenience stores through its subsidiary Circle K, which recently entered the Canadian cannabis industry in collaboration with Fire & Flower (TSX:FAF), a small-cap pot firm.

The duo will offer pot staples like pop and chips through Circle K’s retail shops, as per Fire & Flower’s quarterly exchange filing.

In the wake of this development, Alimentation stock increased marginally by 0.44 per cent to C$ 41.65 apiece on Tuesday, April 27, as 1.42 million of its shares changed hands.

On Wednesday, the scrip was up by about one per cent (12.07PM EST).

The large-cap firm’s share value has dropped by four per cent this year and climbed 3.4 per cent in the past one year.

It paid a dividend of C$ 0.087 apiece on April 9 for the previous quarter. It has an impressive three-year dividend growth of 16.67 per cent.

In the third fiscal quarter of 2021, the company reported adjusted net earnings of nearly US$ 622 million, or US$ 0.56 per common share, up 7.7 per cent year-over-year (YoY).

Source: ©Kalkine Group 2020

George Weston Limited (TSX:WN)

George Weson operates in the consumer goods market through its subsidiary, and Canada’s largest retailer, Loblaw (TSX:L). It also engages in the real estate sector. Its current share price is C$ 109.5 and its market cap is over C$ 16 billion.

The food retail and distribution stock has surpassed the S&P/TSX Food Retail Index this year, with a return of 15.6 per cent. It grew 6.2 per cent in the past one year and distributed a dividend of C$ 0.55 per share for the first quarter of 2021.

It posted a 52-week high of C$ 116 per share on April 21. The stock’s return on equity is 12.93 per cent, and its current earnings stand at C$ 6 apiece.

The company’s top line was up 9.2 per cent YoY in 2020. However, its net income was down by 2.4 per cent YoY due to the COVID-19 impact.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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