02:09 PM EST, 11/27/2024 (MT Newswires) -- Alimentation Couche-Tard ( ANCTF ) reported fiscal second quarter adjusted EPS of $0.74 versus National at $0.73 and consensus at $0.77; last year was $0.82.

Analyst Vishal Shreedhar notes that while EPS and other metrics were roughly in line versus NBF, a retroactive adjustment benefited Europe fuel margin by~$0.03 to EPS. "We view results to be modestly light versus NBF as well."

Management views ATD to be on track for its "10 For The Win" plan despite macro challenges; however, given deteriorating organic performance, National cannot validate ATD's assessment, Shreedhar writes. "While green shoots appear to be emerging, we await better evidence of improved organic growth."

Maintain Sector Perform rating; price target lifted to n$87 from $85.

Price: 82.73, Change: +3.64, Percent Change: +4.60