The ATM operator surged ahead in Q2 with lots of good news about earnings — and one piece of really bad news from 7-Eleven.
After several years of uncertainty, Cardtronics got the news in early July that many industry-watchers expected: 7-Eleven will not to renew the U.S. contract with its long-time ATM operator when it expires in 2017.
This leaves two immediate questions:
- “What impact will the loss of 17.5 percent of its income have on the world’s largest IAD?”
- “What about non-U.S. 7-11 stores where Cardtronics still operates cash dispensers?”
In its Q2 earnings call last week, the company addressed both questions, but with some delicacy.