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Alimentation Couche-Tard profit misses consensus by 16.1% in fiscal Q4

Alimentation Couche-Tard Inc. said its normalized net income for the fiscal fourth quarter ended April 26 came to 22 cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.

EPS rose 52.7% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $126.0 million, an increase of 52.9% from $82.5 million in the prior-year period.

The normalized profit margin climbed to 1.7% from 0.9% in the year-earlier period.

Total revenue decreased 18.6% year over year to $7.29 billion from $8.96 billion, and total operating expenses decreased 19.6% year over year to $7.08 billion from $8.81 billion.

Reported net income decreased 11.5% year over year to $130.9 million, or 23 cents per share, from $147.9 million, or 26 cents per share.

For the year, the company's normalized net income totaled $1.41 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.80.

EPS rose 41.7% from 99 cents in the prior year.

Normalized net income was $801.0 million, an increase of 41.8% from $564.8 million in the prior year.

Full-year total revenue fell 9.0% on an annual basis to $34.53 billion from $37.96 billion, and total operating expenses declined 10.3% on an annual basis to $33.17 billion from $36.97 billion.

The company said reported net income grew 14.8% year over year to $932.7 million, or $1.64 per share, in the full year, from $812.4 million, or $1.43 per share.