Alimentation Couche-Tard (ATD.B) rises ahead of Q1 results. Buy alert?

3 min read | September 01, 2021 12:52 AM AEST | By Raza Naqvi

Alimentation Couche-Tard (ATD.B) rises ahead of Q1 results. Buy alert? — Image source: brillenstimmer, Shutterstock

What's next for Alimentation Couche-Tard (TSX:ATD.B) stock?

In the fourth quarter of fiscal 2021, the adjusted net earnings of the Alimentation Couche-Tard stood at US$ 564 million, up from US$ 520 million in Q4 2020.

In addition, its total merchandise and service revenues amounted to US$ 3.7 billion, representing an increase of 15.2 per cent year-over-year (YoY).

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As the COVID-19 pandemic situation has improved and public health restrictions were lifted across the world, there is a chance that the consumer company will release improved results in Q1 FY22, and continue to do well in the remaining quarters of the fiscal year.

Alimentation stock clocked a 52-week high of C$ 52.28 apiece on August 23 this year. The recent price movements indicate that ATD.B stock could surpass this 52-week high in the next few days as its last closing price was C$ 51.88 per share.

ATD.B stock catapulted by 34.7 per cent in the last six months.

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Bottom Line

Couche-Tard runs 14,200 convenience and fuel retail stores and has a presence in 26 countries. As people are expected to step out, the company could use its existing network to increase global sales.

The overall S&P/TSX Capped Consumer Staples Index has expanded by nine per cent quarter-to-date (QTD), indicating that the consumer stocks have been performing well and could soar as businesses are restoring normalcy.

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