Alimentation Couche-Tard Inc. announced on Monday its financial results for its second quarter ended October 12, 2025, with strong growth in net earnings attributable to shareholders.
Alex Miller, President and Chief Executive Officer, said: “With same-store sales growth across all our geographies for the second consecutive quarter, along with strong margins and sequential volume growth in fuel, we are encouraged by the positive momentum we’re continuing to build in our business.
“We are outperforming our industry with an offer that is clearly resonating with our customers — from the continued growth of our Meal Deals and exclusive vendor partnerships to the success of our seasonal Fuel Day events, which are driving traffic and excitement at our sites. Looking ahead, we remain focused on delivering compelling value and investing in programs that drive operational excellence, optimize our supply chain, and enhance the customer experience in the store, at the pump, and digitally. I’m proud of our team’s performance and the progress we’re making together to win our customers,” he said.
Filipe Da Silva, Chief Financial Officer, added: “We closed the second quarter with growing optimism, reflecting steady progress supported by consistent execution and effective cost management across our operations. Core operating expenses growth remained under control, while we continued to advance our multi-year investment journey to unlock new capabilities that strengthen our network and create greater value for customers. This also marked the first full quarter from GetGo, which further broadens our food and convenience offering in the U.S. and opens new opportunities for customer engagement.”
“During the second quarter, we also repurchased nearly $900 million of our shares through the buyback program, while, for the first half of the year, we invested close to $900 million in capital expenditures, reinforcing our balanced approach to capital allocation. As we look ahead, we remain committed to delivering earnings growth over the course of the year,” he said.
Quarterly Highlights
- Net earnings attributable to shareholders of the Corporation were $740.6 million for the second quarter of fiscal 2026 compared with $708.8 million for the second quarter of fiscal 2025. Adjusted net earnings attributable to shareholders of the Corporation were approximately $734.0 million compared with $705.0 million for the corresponding quarter of last year, representing an increase of 4.1%.
- Net earnings attributable to shareholders of the Corporation were $0.79 per diluted share for the second quarter of fiscal 2026 compared with $0.75 per diluted share for the second quarter of fiscal 2025. Adjusted diluted net earnings per share1 were $0.78, representing an increase of 5.4% from $0.74 for the corresponding quarter of last year.
- Total merchandise and service revenues of $4.7 billion, an increase of 6.6%. Same-store merchandise revenues2 increased by 1.2% in the United States, by 0.5% in Europe and other regions1, and by 5.4% in Canada.
- Merchandise and service gross margin increased by 0.9% in the United States to 34.7%, by 0.7% in Europe and other regions to 38.9%, and by 0.6% in Canada to 34.2%.
- Same-store road transportation fuel volumes decreased by 0.6% in the United States, and by 1.8% in Europe and other regions, while it increased by 1.1% in Canada.
- Road transportation fuel gross margin of 45.86¢ per gallon in the United States, a decrease of 0.24¢ per gallon, US 11.51¢ per liter in Europe and other regions, an increase of US 1.00¢ per liter, and CA 15.07¢ per liter in Canada, an increase of CA 1.72¢ per liter.
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.
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