Alimentation Couche-Tard Posts Strong Fiscal 2026 Earnings

The Laval-based convenience giant closed the fiscal year with a diluted net earnings per share of $3.37, marking a 24.4% increase over the previous year. CEO Alex Miller attributed the performance to the company's "Core + More" strategy, which helped offset softness in fuel demand by driving traffic in key categories like packaged beverages and food. While total merchandise and service revenues climbed 7.7% to $4.5 billion for the quarter, the company faced a slight decline in same-store fuel volumes in the U.S. and Europe, a trend partially balanced by strong execution in Canada.

Financial discipline remained a cornerstone of the results, with normalized expense growth kept below inflation levels. The company also demonstrated significant capital agility, repurchasing $1.6 billion in shares throughout the fiscal year and successfully issuing €750 million in senior unsecured notes. As the new fiscal year begins, management remains focused on leveraging its global supply chain to capitalize on market volatility while continuing to integrate recent acquisitions, including assets from TotalEnergies, which are currently meeting projected synergy targets.