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Market Overview

CST Brands to Announce First Quarter 2017 Financial Results on May 8


CST Brands, Inc. (NYSE:CST) today announced that the company will
release its first quarter 2017 results after the market closes on
Monday, May 8, 2017. In light of the pending merger with Circle K Stores
Inc., a Texas corporation ("Circle K") and a wholly owned subsidiary of
Alimentation Couche-Tard Inc. CST does not intend to issue financial
guidance regarding the company's projected financial performance or host
a first quarter earnings conference call.

As previously reported, on August 21, 2016, CST Brands entered into an
Agreement and Plan of Merger with Circle K. Under the terms of the
merger agreement, CST will be merged with a subsidiary of Circle K. The
closing of the merger is subject to certain conditions, including, among
others, the expiration or termination of applicable waiting periods
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and
receipt of clearance under the Canadian Competition Act. CST
stockholders approved the merger on November 16, 2016.

About CST Brands, Inc.

CST Brands, Inc. (NYSE:CST), a Fortune 500 Company, is one of the
largest independent retailers of motor fuels and convenience merchandise
in North America. Based in San Antonio, Texas, CST employs over 14,000
Team Members at over 2,000 locations throughout the Southwestern United
States, Georgia, Florida, New York and Eastern Canada offering a broad
array of convenience merchandise, beverages, snacks and prepared fresh
food. In the U.S., Corner Stores, Nice N Easy Grocery Shoppes, and Flash
Foods stores proudly sell a broad offering of branded and unbranded fuel
and proprietary baked goods and fresh food, packaged private label
products, U Force energy and sport drinks, Freestyle soft drinks and
signature ICEE drinks. In Canada, CST is the exclusive provider of
Ultramar fuel and its Dépanneur du Coin and Corner Stores sell signature
Transit Café coffee, proprietary baked goods and fresh food and private
label packaged goods. CST also owns the general partner of CrossAmerica
Partners LP, a master limited partnership and wholesale distributor of
fuels, based in Allentown, Pennsylvania. For more information about CST,
please visit

Safe Harbor Statement

Statements made in this press release relating to future plans, events,
or financial condition or performance are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can generally be identified by
the use of words such as "expect," "plan," "anticipate," "intend,"
"outlook," "guidance," "believes," "should," "target," "goal,"
"forecast," "will," "may" or words of similar meaning. Forward-looking
statements are likely to address matters such as the companies'
respective or combined anticipated sales, expenses, margins, tax rates,
capital expenditures, profits, cash flows, liquidity and debt levels, as
well as their pricing and merchandising strategies and their anticipated
impact and intentions with respect to acquisitions, the construction of
new stores, including additional quick service restaurants, and the
remodeling and addition of new equipment and products to existing
stores. These forward-looking statements are based on the companies'
current plans and expectations and involve a number of risks and
uncertainties that could cause actual results and events to vary
materially from the results and events anticipated or implied by such
forward-looking statements.

The following factors, among others, could cause actual results and
events to differ materially from those expressed or implied in the
forward-looking statements: (1) the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement; (2) the inability to complete the transactions
contemplated by the merger agreement in a timely manner or at all,
including due to failure to receive necessary governmental or regulatory
approvals required to complete the transactions contemplated by the
merger agreement; (3) the risk of not fully realizing expected synergies
in the timeframe expected or at all; (4) the risk that the proposed
transactions disrupt current plans and operations, increase operating
costs, result in management distraction and the potential difficulties
in maintaining relationships with customers, suppliers and other third
parties and employee retention as a result of the announcement and
consummation of such transactions; (5) the outcome of any legal
proceedings that may be instituted against the companies following
announcement of the merger agreement and transactions contemplated
therein; and (6) the possibility that the companies may be adversely
affected by other economic, business, and/or competitive factors.

Any number of other factors could affect actual results and events,
including, without limitation; the ability to enhance operating
performance through in-store initiatives, store remodel programs and the
addition of new equipment and products to existing stores; fluctuations
in domestic and global petroleum and fuel markets; realizing expected
benefits from fuel supply agreements; changes in the competitive
landscape of the convenience store industry, including fuel stations and
other non-traditional retailers located in the companies' markets; the
effect of national and regional economic conditions on the convenience
store industry and the companies' markets; the global financial crisis
and uncertainty in global economic conditions; wholesale cost increases
of, and tax increases on, tobacco products; the effect of regional
weather conditions and climate change on customer traffic and spending;
legal, technological, political and scientific developments regarding
climate change; financial difficulties of suppliers, including the
companies' principal suppliers of fuel and merchandise, and their
ability to continue to supply their stores; the companies' financial
leverage and debt covenants; a disruption of IT systems or a failure to
protect sensitive customer, employee or vendor data; the ability to
identify suitable acquisition targets and to take advantage of expected
synergies in connection with acquisitions; the actual operating results
of new or acquired stores; the ability to divest non-core assets;
environmental risks associated with selling petroleum products;
governmental laws and regulations, including those relating to the
environment and the impact of mandated health care laws; and
unanticipated legal and other expenses. These and other risk factors are
discussed in Alimentation Couche-Tard Inc. and CST Brands, Inc.'s
filings with securities authorities in Canada and the United States,
respectively. While the companies may elect to update these
forward-looking statements at some point in the future, they
specifically disclaim any obligation to do so.

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