Alimentation Couche-Tard Inc. (ATD:CA (ANCTF)
Alimentation Couche-Tard Inc. is a Canadian multinational convenience store operator headquartered in Laval, Quebec. Founded in 1980 by Alain Bouchard, the company has grown into one of the world’s largest convenience retailers, operating approximately 16,800 stores across 31 countries and territories, including Canada, the United States, Europe, and Asia
Earnings & Outlook
Alimentation Couche-Tard Inc. reported its Q4 FY2025 results, revealing a slight decline in net earnings to $439.4 million or $0.46 per share, compared to $453.0 million or $0.47 per share in the same quarter last year. Adjusted net earnings were approximately $441.0 million, reflecting a 4.3% decrease year-over-year. Despite these challenges, the company achieved a 6% increase in adjusted EBITDA, indicating underlying operational improvements.
For the full fiscal year 2025, Couche-Tard reported net earnings of around $2.6 billion, a 5.5% decrease from the previous year. Adjusted EBITDA for the year was approximately $6 billion, with a return on equity of 18.3% and a return on capital employed of 12.2%.
Recent Analyst Coverage Updates:
Jefferies & Co: Maintains a Buy rating but lowered its target price slightly from $90 to $87.
Scotiabank: Keeps an Outperform rating with a modest target reduction from $80 to $78.
Desjardins Securities: Continues to rate the stock as Buy while lowering its target from $82 to $80.
Stifel Nicolaus: Stays bullish with a Buy rating and drops its target from $84 to $81.
TD Securities: Maintains a Buy rating with the target price steady at $82.
BMO Capital Markets: cut target price from $82 to $76, reflecting a more cautious outlook.
Stock Forecast & Analysis
Analyst forecasts for Alimentation Couche-Tard Inc. (ATD:CA) have recently been adjusted downward, reflecting a more cautious near-term outlook.
As of June 29th, 2025, the consensus 12 month target price for ATD:CA is approximately CAD $86.00, with a “Buy” rating from analysts. This represents a modest decrease from earlier targets, indicating a slight reduction in expected upside potential.
Despite these adjustments, ATD:CA continues to be viewed as a defensive growth stock with strong fundamentals, including robust cash flow and a diversified global presence. Analysts maintain confidence in the company’s long-term prospects, though short-term caution prevails due to macroeconomic factors and valuation considerations.
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