$CST (CST Brands, Inc.)

$CST {{ '2016-01-06T15:01:29+0000' | timeago}} • Announcement

Through sale/leaseback leverage, $CST expects the venture will substantially enhance its new store return on investment from unleveraged returns of 15% to over 30% under the new venture structure (after customary maturity period of 1-3 years). Beginning in 2017, $CST sees new stores to be constructed as build-to-suit locations funded by venture.

$BLKB {{ '2017-06-27T11:58:26+0000' | timeago}} • Announcement

S&P SmallCap 600 constituent $BLKB will replace $CST in the S&P MidCap 400, and $NSA will replace $BLKB in the S&P SmallCap 600 effective on June 29, 2017. Alimentation Couche-Tard Inc. is acquiring $CST in a deal expected to be completed soon pending final closing conditions.

$CST {{ '2017-02-27T22:01:10+0000' | timeago}} • Announcement

$CST's core same store merchandise and services sales per store per day declined 3% during 4Q16, primarily due to continued softness in parts of South Texas. On YoY basis, U.S. and Canadian merchandise and services gross profit increased 19% and 5%, respectively, during the quarter.

$CST {{ '2017-02-27T21:57:12+0000' | timeago}} • Announcement

$CST reported a 28% YoY drop in its 4Q16 earnings to $18MM, or $0.23 per diluted share, hurt by acquisition expenses, legal expenses and professional fees. Revenue for the quarter was $2.37Bil, an increase of 13% from last year.

$CST {{ '2016-11-16T19:02:11+0000' | timeago}} • Announcement

$CST said its stockholders approved the previously announced merger agreement with a U.S. subsidiary of Alimentation Couche-Tard Inc. Under this transaction, $CST stockholders will receive $48.53 in cash per share upon closing.

$CST {{ '2016-11-07T22:25:16+0000' | timeago}} • Announcement

$CST continued to execute on organic growth plans with addition of 13 new-to-industry stores during 3Q16 and 29 stores year-to-date. In addition, the company continues to work toward completing its merger with Circle K and currently anticipates closing on the transaction in early 2017.

$CST {{ '2016-11-07T22:23:13+0000' | timeago}} • Announcement

$CST's U.S. business grew merchandise and services gross profit 19% on increased sales and margins for 3Q16. And the company's Canadian stores grew merchandise and services gross profits 5% with a 3% improvement in same store sales.

$CST {{ '2016-11-07T22:20:04+0000' | timeago}} • Announcement

Gas station operator $CST reported a jump in 3Q16 earnings driven by gain on sale of assets and rise in gross profit. Net income rose to $260MM or $3.41 per share from $85MM or $1.12 per share last year. Operating revenues fell to $2.47Bil from $2.51Bil. Excluding special items, net income was $39MM or $0.51 per share for 3Q16.

$CAPL {{ '2016-08-22T11:49:25+0000' | timeago}} • Announcement

$CAPL said its General Partner, $CST, entered into definitive merger agreement with Alimentation Couche-Tard. Couche-Tard will, through its purchase of $CST, buy $CST's interest in $CAPL and associated Incentive Distribution Rights. Upon completion, $CAPL will become part of one of North America's largest convenience and fuel retailing networks.

$CST {{ '2016-08-22T11:43:37+0000' | timeago}} • Announcement

$CST said it agreed to be acquired by Alimentation Couche-Tard for $48.53 per share in cash. Couche-Tard expects to finance the transaction with available cash, its existing credit facilities and a new term loan. Upon completion, Couche-Tard's brand Circle K will establish new business unit in San Antonio with attached shared services operations.

$CST {{ '2016-08-22T11:39:48+0000' | timeago}} • Announcement

$CST said its BoD has unanimously approved a definitive merger agreement with Canadian Alimentation Couche-Tard. Alimentation Couche-Tard will buy all shares of $CST for $48.53 per share in cash, representing total enterprise value of about $4.4Bil, including assumption of net debt. The transaction is now expected to close early CY17.

$CST {{ '2016-08-05T18:55:51+0000' | timeago}} • Webcast

Christopher Mandeville of Jefferies asks about merchandise margins at the Flash Foods stores. $CST said it has seen margin improvement and it is introducing programs to improve margins. The focus is on bringing together best practices from Flash Foods and $CST for integration and capturing of synergies. $CST expects margin expansion to continue.

$CST {{ '2016-08-05T18:42:33+0000' | timeago}} • Webcast

Ben Bienvenu of Stephens Inc. asks about expense reduction. $CST said it has updated its labor model in its stores and this has led to some reductions in costs. Another focus is on maintenance and the company has put in some processes to reduce costs in this area. The company is also looking for ways to reduce the level of G&A costs.

$CST {{ '2016-08-05T18:36:35+0000' | timeago}} • Webcast

Ben Bienvenu of Stephens Inc. asks about US merchandise gross profit. $CST said it is pleased with the gross profit improvement in US and Canada and this is mainly due to the shift towards the New-to-Industry stores and the larger store formats. Pricing and mix shift also led to the improvement. $CST will focus on GM and sales going forward.

$CST {{ '2016-08-05T18:21:37+0000' | timeago}} • Webcast

At 2Q16-end, $CST had $193MM of cash and $80MM of this was held in Canada. As of August 3, the company had approx. $419MM available under its credit facility. $CST used $297MM of the proceeds from the California and Wyoming stores transactions to repay borrowings under the revolvers. Capex was $85MM in 2Q16.

$CST {{ '2016-08-05T18:06:40+0000' | timeago}} • Webcast

Texas-based company $CST reported 2Q16 EBITDA of $98MM, up 23% from 2Q15. Gross profits grew 19% to $329MM. US merchandise and services gross profit dollars were up 27%. In Canada, merchandise and services grew 10% and motor fuel gross profit dollars grew 9% versus the prior year when measured in Canadian dollars.

$CST {{ '2016-08-05T11:41:32+0000' | timeago}} • Announcement

$CST said that for 3Q16, in the US Retail segment the company expects gallons per store per day (GPSPD) in the range of 5,000-5,200 and merchandise and services sales per store per day (MSSPSPD) in the range of $4,400-4,500 and in the Canadian Retail segment $CST expects GPSPD in the range of 3,300-3,400 and MSSPSPD in the range of $2,550-2,650.

$CST {{ '2016-08-05T11:40:52+0000' | timeago}} • Announcement

$CST CEO Kim Lubel said, "During 2Q16, we grew the company with impressive results both inside the stores and at the fuel pumps. This was led by continuing and substantial improvements in the U.S. with overall gross profits climbing to $233MM on increased sales and a 110 BP improvement in merchandise and services margin capture over 2Q15."

$CST {{ '2016-08-05T11:32:46+0000' | timeago}} • Announcement

Fuel and convenience retailer $CST posted higher 2Q16 results, driven by an increase in both the U.S. and Canada motor fuel and merchandise and services gross profit. $CST said net income rose 8% to $27MM, or $0.36 per share from $25MM or $0.36 per share a year ago. Revenue fell 1.1% to $2.51Bil. Excluding items, $CST earned $0.39 per share.

$CST {{ '2016-07-08T10:51:12+0000' | timeago}} • Announcement

Motor fuel retailer $CST and $CAPL said they have agreed on the refund associated with $CST's sale of 79 California and Wyoming stores to 7-Eleven. $CST will compensate $CAPL for the dip in revenue related to its 17.5% interest in $CST's wholesale fuel business, CST Fuel Supply LP. Total refunded consideration is about $18.2MM.

$CST {{ '2016-07-07T21:24:01+0000' | timeago}} • Announcement

Fuel and convenience retailer $CST said that it closed the previously announced sale of all 79 stores in the California and Wyoming markets to 7-Eleven Inc. and its wholly-owned subsidiary, SEI Fuel Services Inc. for $408MM. $CST expects to use the majority of the cash proceeds from the sale to pay down borrowings under revolving credit facility.

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