Alimentation Couche-Tard Inc. released on Tuesday its financial results for its first quarter ended July 20 of fiscal year 2026, indicating increased revenues.
“We are pleased by our improved performance in this first quarter of the new fiscal year. Across our network, we are reporting positive same store sales, which includes our U.S. market for the first time in several quarters. This progress is propelled by our focus on providing compelling value and ease, especially in our food and beverage offers, to win our customers who continue to watch their spendings. In our fuel business, we had overall good results, especially in Canada and our larger European markets, while in North America, fuel margins remained aligned with previous quarters. We were also proud to close this quarter on 270 sites operating under the GetGo Café + Market brand, and we are already working closely with those teams to learn more about GetGo’s popular food and loyalty programs as we start to grow together,” said Alex Miller, President and Chief Executive Officer.
“We are encouraged by our first quarter results, which were partly driven by an enhanced gross profit margin resulting from better food program execution and reduced spoilage. Combined with our disciplined cost control and a sharp focus on efficiency keeping expense growth below the rate of inflation, we are optimistic about our operational priorities. Our TotalEnergies assets once again produced solid sequential performance, with synergy delivery tracking ahead of plan. With our share repurchase program now in full motion, we view it as another way to create sustainable long-term shareholder value while optimizing our balance sheet,” said Filipe Da Silva, Chief Financial Officer.
Quarterly Highlights according to the company:
- Net earnings attributable to shareholders of the Corporation were $782.5 million for the first quarter of fiscal 2026 compared with $790.8 million for the first quarter of fiscal 2025. Adjusted net earnings attributable to shareholders of the Corporation were approximately $737.0 million compared with $790.0 million for the corresponding quarter of last year, representing a decrease of 6.7%.
- Net earnings attributable to shareholders of the Corporation were $0.82 per diluted share for the first quarter of fiscal 2026 compared with $0.83 per diluted share for the first quarter of fiscal 2025. Adjusted diluted net earnings per share were $0.78, representing a decrease of 6.0% from $0.83 for the corresponding quarter of last year.
- Total merchandise and service revenues of $4.7 billion, an increase of 4.5%. Same-store merchandise revenues increased by 0.4% in the United States, by 3.8% in Europe and other regions, and by 4.1% in Canada.
- Merchandise and service gross margin increased by 0.9% in the United States to 34.6%, while it decreased by 0.9% in Europe and other regions to 38.9%, and by 0.9% in Canada to 33.9%.
- Same-store road transportation fuel volumes decreased by 0.9% in the United States, and by 1.3% in Europe and other regions, while it increased by 2.2% in Canada.
- Road transportation fuel gross margin of 44.00¢ per gallon in the United States, a decrease of 4.13¢ per gallon, US 11.41¢ per liter in Europe and other regions, an increase of US 2.73¢ per liter, and CA 14.21¢ per liter in Canada, an increase of CA 1.10¢ per liter.
In June, the company closed the acquisition of 270 company-owned and operated convenience retail and fuel sites operating under the GetGo Café + Market brand from supermarket retailer Giant Eagle Inc., for a purchase price of $1.6 billion, subject to post-closing adjustments. The acquisition also included surplus properties. GetGo sites are located in the states of Indiana, Maryland, Ohio, Pennsylvania and West Virginia, in the United States. The transaction was financed using our available cash and existing credit facilities, including our United States Commercial Paper Program, it said.
“We completed the construction of 10 stores and the relocation or reconstruction of 3 stores, reaching a total of 13 stores since the beginning of fiscal 2026. As of July 20, 2025, another 63 stores were under construction and should open in the upcoming quarters,” added the company.
Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with close to 17,300 stores, of which approximately 13,200 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, Belgium, as well as in Ireland. It also has an important presence in Luxembourg, Germany, the Netherlands, Poland, as well as in Hong Kong Special Administrative Region of the People’s Republic of China. Approximately 149,500 people are employed throughout its network.
Related Retail Insider stories:
