No. of Recommendations: 2
Thanks, Jim. Its always nice to get your perspective.
Along those lines, and keeping with the Ideas beyond BRK, beyond US theme, I am a long time holder of Alimentation Couche Tard (ATD)and noted that you recently started a position
Its having a rare bad year - down 15% YTD and 12% over the past 12 mo
On a technical basis it is approaching moving average levels that it has only touched a couple of times in the past 10 years and has always held / bounced from. I'm leaning towards using this as an opportunity to add to my position.
Ive mainly been attributing the weak performance to the 7-11 takeover attempt, but also saw that the last q performance was pretty weak. As was last year.
Wondering if you or anyone else have an updated opinion on the business - a combination of gas stations, convenience stores.
At one point a few years ago the worry was that EVs were going to eat into their earnings as people wouldnt need gas...Im assuming thats not the cause as EV adoption has slowed somewhat. Management has always proven itself resilient. We arent in a global recession that should drive down consumption. So Im scratching my head a bit and looking for other viewpoints
https://corporate.couche-tard.com/2025-06-25-ALIME...Quarterly Highlights
Net earnings attributable to shareholders of the Corporation were $439.4 million for the fourth quarter of fiscal 2025 compared with $453.0 million for the fourth quarter of fiscal 2024. Adjusted net earnings attributable to shareholders of the Corporation1 were approximately $441.0 million compared with $461.0 million for the corresponding quarter of last year, representing a decrease of 4.3%.
Net earnings attributable to shareholders of the Corporation were $0.46 per diluted share for the fourth quarter of fiscal 2025 compared with $0.47 per diluted share for the fourth quarter of fiscal 2024. Adjusted diluted net earnings per share1 were $0.46, representing a decrease of 4.2% from $0.48 for the corresponding quarter of last year.
Total merchandise and service revenues of $4.2 billion, an increase of 2.0%. Same-store merchandise revenues2 decreased by 0.4% in the United States, while it increased by 3.4% in Europe and other regions1, and by 3.5% in Canada.
Merchandise and service gross margin1 decreased by 0.2% in the United States to 33.9%, by 0.6% in Europe and other regions to 38.6%, and by 0.8% in Canada to 34.1%.
Same-store road transportation fuel volumes decreased by 1.9% in the United States, by 0.6% in Europe and other regions, while it increased by 3.7% in Canada.
Road transportation fuel gross margin1 of 43.27¢ per gallon in the United States, an increase of 4.48¢ per gallon, US 9.57¢ per liter in Europe and other regions, an increase of US 1.27¢ per liter, and CA 14.05¢ per liter in Canada, an increase of CA 0.37¢ per liter.
Fiscal Year 2025 Highlights
Net earnings per diluted share of $2.71 compared with $2.82 for fiscal 2024, a decrease of 3.9%, while adjusted diluted net earnings per share1 were $2.71 compared with $2.81 for fiscal 2024, a decrease of 3.6%.
During fiscal 2025, we repurchased 8.7 million shares for an amount of $518.9 million.
Solid pipeline execution with 97 new-to-industry openings, and 20 relocated or reconstructed stores during fiscal 2025. As of April 27, 2025, another 41 stores were under construction and should open in the upcoming quarters.
Increase in the annual dividend declared for fiscal 2025 of 14.3%, from CA 66.50¢ to CA 76.00¢.
