Rising Fuel Prices Result In Lower Earnings Estimates For CST Brands
Tristan R. Brown
Tristan R. Brown
The End Of The Powerball Run Doesn't Hurt The Outlook For CST Brands
Tristan R. Brown
Tristan R. Brown
Wed, Jun. 8, 4:35 PM
Tue, Jun. 7, 1:27 PM
- CST Brands (CST +1.5%) is reviewing takeover offers, according to CTFN.
- "Things are still in the round one phase, but the intent for a sale is definitely out there," said Sikich Investment Banking partner-in-charge Chris Geier.
- Geier thinks CST will bite if a buyer comes in with a firm $50 bid.
- The list of potential buyers includes Couche-Tard, 7-11, Marathon Petroleum/Speedway, OXXO Mexico, and ETP/Sunoco.
- Shares of CST already factor in a takeover premium after rallying 18% over the last five sessions.
Thu, Jun. 2, 5:09 PM
- CST Brands (NYSE:CST) surged more than 18% higher in today's trade following a Reuters report that Canada's Alimentation Couche-Tard (OTCPK:ANCUF) and Japan's Seven & I Holdings (OTCPK:SVNDY), owner of the 7-Eleven chain, have submitted indicative offers to acquire the U.S. convenience store retailer.
- The two groups are competing against several other bidders for CST, including a consortium of P-E firms Blackstone (NYSE:BX) and Apollo Global Management (NYSE:APO), according to the report.
- CST reportedly will seek at least one more round of offers before deciding if will sell itself.
Tue, May 24, 2:34 PM
- Retail stocks continue to do a reset ever since Wal-Mart reported strong earnings at odds with some of its peers.
- A category that performed well for Wal-Mart in Q1 was grocery in what some investors are seeing as more of a read on consumer spending habits than a market share grab from the retail giant.
- Grocery store stocks and a few convenience store names are notably out in front of broad market averages today. The list of gainers includes Village Super Market (VLGEA +6.1%), Weis Markets (WMK +2.5%), Ingles Markets (IMKTA +3.3%), Supervalu (SVU +4.3%), Kroger (KR +1.8%), Casey's General Stores (CASY +2.9%), and CST Brands (CST +2.1%),
Mon, May 16, 3:11 PM
Fri, May 6, 6:39 AM
- CST Brands (NYSE:CST) reports U.S. retail merchandise and services revenue rose 20% to $413M in Q1.
- Canadian retail merchandise and services revenue were flat Y/Y at $57M.
- The company saw same-store merchandise and services sales growth of 2.2%in the U.S. & 5.6% in Canada (excluding foreign currency impact).
- U.S. merchandise and services gross margin rate improved 160 bps to 34.1%.
- Acquisition and organic growth added 173 stores to the company's network.
- U.S. retail store count +184 Y/Y to 1,219.
- Q2 Guidance: U.S. retail merchandise and services gross margin: 33% to 34%; U.S. retail merchandise and services sales per store per day: $4,300 to $4,400; Canadian retail merchandise and services gross margin: 31.5% to 32.5%; Canadian retail merchandise and services sales per store per day: $2,400 to $2,500.
Fri, May 6, 6:02 AM
Thu, May 5, 5:30 PM
Tue, Apr. 19, 3:21 PM
- CST Brands (CST +0.5%) isn't actively seeking a buyer, according to CTFN.
- Analysts think the company will show patience as it evaluates options, especially with activist investors watching closely.
- Two companies identified as potential bidders down the road are Couche-Tard (OTCPK:ANCUF, OTC:ANCTF) and Sunoco.
- Now read Couche-Tard Rolling In The Dough
Fri, Mar. 4, 9:23 AM
- Gainers: SUNE +25%. CRC +18%. SDRL +17%. [[PBR-A]] +16%. CKEC +16%. SID +15%. PBR +14%. GGB +13%. BCEI +12%. BBD +12%. UPL +11%. CST +11%. CPE +10%. HPE +9%. CLNE +9%. ITUB +9%. BSBR +9%. CIG +%. [] +%. [] +%.
- Losers: MTW -77%. VTAE -41%. NMBL -19%. SYMC -18%. HRB -11%. ERJ -9%. TACT -9%. FBR -8%. AMBA -8%. SPLS -5%.
Thu, Mar. 3, 7:03 PM
- Convenience-store fuel and goods firm CST Brands (CST +1.4%) has jumped 5.9% after hours on news that the firm is exploring strategic alternatives.
- The firm will use a committee of outside, independent directors to review options, specifically including "a fresh look at several of CST's previously announced strategic initiatives and plans." It's hired BofA Merrill Lynch and JPMorgan Chase to advise.
- "We believe there continues to be a disconnect between CST's intrinsic value and the price of our common stock in the public equity markets," says CEO Kim Lubel.
- In addition, the company agreed with activists JCP Investment Management to appoint Tad Dickson to the board, and with Engine Capital to name Rocky Dewbre as a director.
- JCP and Engine agreed to withdraw plans for their own slates.
- CST Brands has an annual meeting expected in June.
- Previously: Board fight on tap at CST Brands (Feb. 25 2016)
Thu, Mar. 3, 6:59 AM
Thu, Feb. 25, 2:26 PM
- JCP Investment Management is putting a slate of candidates up for election to the board at CST Brands (CST +1.2%), observes Convenience Store News.
- The activist firm is antsy over the lack of progress by CST on operational initiatives. Shares of CST Brands are down 24% over the last year.
- CST's annual meeting is expected to be scheduled for June.
Fri, Feb. 19, 6:01 AM
Thu, Feb. 18, 5:30 PM
Thu, Jan. 14, 9:57 AM
- Murphy USA (MUSA -4.4%), Casey's General Stores (CASY -1%), and CST Brands (CST -2.6%) are lower in early trading after the billion-dollar Powerball lottery resulted in three winners last night.
- Analysis on the significance of Powerball for convenience stores is very mixed, although there's no denying the huge spike in C-store traffic over the last week. The true impact on margins of the unprecedented jackpot may not be fully realized until Q1 earnings reports roll in.
CST Brands, Inc. operates as a holding company that conducts substantially all of its operations through its subsidiaries. It is an independent retailer of motor fuel and convenience merchandise items in the U.S. and eastern Canada. The company's operations include the sale of motor fuel at... More
Industry: Specialty Retail, Other
Country: United States
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