Q: Your thoughts please on the quarter?Thx
5i Research Answer:
EPS of 78c beat estimates of 77c; revenue of $17.34B missed estimates of $17.83B. EBITDA of $1.61B beat estimates by 4%. All regions showed same store sales growth, with Canada at 4.1% and the US at 0.4%. This was the first quarter of growth in the US after several weak quarters. Fuel volume fell in the US and Europe. Fuel margins fell in the US. Acquisition expensese were only $1.1M. 13 stores were added and 63 are currently under construction. No shares were purchased. All in, we would consider the results OK. We did expect higher 7/11 acquisition charges.