Alimentation Couche-Tard Inc. announced Tuesday its results for its third quarter ended February 1, 2026, with total merchandise and service revenues of $5.8 billion, an increase of 8.7%.
“For the third consecutive quarter, we delivered positive same-store sales across every region and once again outperformed the broader industry. Customers continue to respond to the value and ease of our offer, from Meal Deals to our compelling Thirst and Nicotine programs, which along with healthy fuel margins and deepening loyalty program engagement are feeding our momentum as we execute our refreshed Core + More strategy,” said Alex Miller, President and Chief Executive Officer.
“Heading into the fourth quarter of our fiscal year, I couldn’t be prouder of the teams driving these results, focused on winning our customers and embracing our vision to become the world’s favorite stop for people on the go.”
“We delivered one of our best quarterly performance in over two years, with same-store sales accelerating as the quarter progressed and contributing to solid growth in both adjusted EBITDA and earnings per share,” said Filipe Da Silva, Chief Financial Officer.
“These results validate that the actions outlined in our Business Strategy Update are translating into measurable outcomes. Continued focus on traffic, customer value and operational execution is strengthening our growth algorithm and driving long-term value creation.”
Quarterly Highlights
- Net earnings attributable to shareholders of the Corporation were $757.2 million for the third quarter of fiscal 2026 compared with $641.4 million for the third quarter of fiscal 2025. Adjusted net earnings attributable to shareholders of the Corporation were approximately $751.0 million compared with $641.0 million for the corresponding quarter of last year, representing an increase of 17.2%.
- Net earnings attributable to shareholders of the Corporation were $0.82 per diluted share for the third quarter of fiscal 2026 compared with $0.68 per diluted share for the third quarter of fiscal 2025. Adjusted diluted net earnings per share were $0.81, representing an increase of 19.1% from $0.68 for the corresponding quarter of last year.
- Total merchandise and service revenues of $5.8 billion, an increase of 8.7%. Same-store merchandise revenues increased by 2.8% in the United States, by 0.4% in Europe and other regions, and by 0.3% in Canada. Consolidated same-store merchandise revenues increased by 2.0%.
- Merchandise and service gross margin decreased by 0.1% in the United States to 33.9%, and by 0.1% in Europe and other regions to 38.9%, while it increased by 0.1% in Canada to 32.5%.
- Same-store road transportation fuel volumes decreased by 0.4% in the United States, and by 1.6% in Europe and other regions, while it increased by 4.2% in Canada.
- Road transportation fuel gross margin of 47.71¢ per gallon in the United States, an increase of 3.43¢ per gallon, US 10.87¢ per liter in Europe and other regions, an increase of US 1.58¢ per liter, and CA 15.82¢ per liter in Canada, an increase of CA 2.28¢ per liter.
- Solid pipeline execution with 37 new-to-industry openings, and 8 relocated or reconstructed stores, reaching a total of 80 stores since the beginning of fiscal 2026. As of February 1, 2026, another 58 stores were under construction and should open in the upcoming quarters.
“We acquired 12 company-operated stores, reaching a total of 26 company-operated stores acquired through various transactions since the beginning of fiscal 2026. We settled these transactions using our available cash,” said the company.
“During the quarter, we completed the construction of 37 stores and the relocation or reconstruction of 8 stores, reaching a total of 80 stores since the beginning of fiscal 2026. As of February 1, 2026, another 58 stores were under construction and should open in the upcoming quarters.”
Couche-Tard is a global leader in convenience and mobility, operating in 27 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 a 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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