01:33 PM EDT, 06/27/2025 (MT Newswires) -- National Bank views Couche-Tard's fourth-quarter performance to be largely in line, with better-than-expected fuel and merchandising sssg offset by heightened costs.

A lower-than-expected effective tax rate aided EPS by $0.03 compared with National Bank estimates, writes analyst Vishal Shreedhar.

Couche-Tard estimates have been trimmed slightly -- F2026 goes to $2.94 from $3.02 and F2027 goes to $3.37 from $3.45.

Couche-Tard also indicated the timeline with Seven & i is expected to be shorter vs. longer. "We believe that a resolution with Seven & i will be a positive catalyst for the shares. "

Maintain Outperform rating; price target of $81.

Price: 68.15, Change: -0.75, Percent Change: -1.09