Alimentation Couche-Tard calls results one of its best performances in more than two years

In Canada, growth moderated as expected, but remained positive with alcohol continuing to perform well even after cycling the full year impact of the Ontario beer legislation. Photo by ERIC THOMAS/AFP via Getty ImagesArticle contentAlimentation Couche-Tard Inc. reported its third-quarterearnings on Tuesday, calling the results one of its best quarterly performances in over two years.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe convenience store operator reported net earnings of US$757.2 million for the quarter ended Feb. 1, an 18 per cent increase from US$641.4 million in the previous year. This represented $0.82 per share on a diluted basis, up from $0.68 for the same period a year ago.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentArticle content“We’re very pleased with how our teams performed this quarter, particularly in an environment where many consumers remain stretched,” chief executive Alex Miller said during the company’s earnings call on Wednesday.Article contentPosthasteBreaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentOn an adjusted basis, net earnings for the quarter were around US$751 million, up 17. 2 per cent from US$641 million for the same quarter last year. This comes to an adjusted net earnings of $0.81 per diluted share, up 19.1 per cent from $0.68 per share.Article contentThe company said the US$110-million increase was primarily driven by contributions from acquisitions, higher road transportation fuel gross margin and positive organic growth in convenience activities, partly offset by the impact of inflation and strategic investments.Article contentDuring the quarter, Alimentation Couche-Tard acquired 12 company-operated stores, bringing its total number of company-operated stores acquired in fiscal 2026 to 26.Article contentThe company also completed construction on 37 stores and relocation or reconstruction of eight stores. Another 58 stores currently under construction are expected to open in the coming quarters.Article contentArticle contentIts revenues for the third quarter were US$21.8 billion, up by US$902.2 million or 4.3 per cent from 2025.Article contentRead More Lululemon forecasts weaker 2026 sales, says 'more work to be done' This TSX stock's price may have highest to rise among TD's initial top picks for 2026 Article contentThe company attributes the revenue growth mainly to the impact of translating European operations into United States dollars, the contribution from acquisitions, organic growth and higher revenues in its wholesale fuel business, partly offset by a lower average fuel selling price and the impact of regulatory divestiture related to its U.S.-based GetGo acquisition, which closed in June last year.Article contentTotal merchandise and service revenues were $5.8 billion in the quarter, an increase of 8.7 per cent from the prior year. The company said moving foreign currency operations into U.S. dollars had a net positive impact of approximately $108 million.Article contentSame-store merchandise revenues increased by 2.8 per cent in the U.S., 0.4 per cent in Europe and other regions and by 0.3 per cent in Canada. This comes to a two per cent increase in consolidated same-store merchandise revenues.Article contentMerchandise and service gross margin was down by 0.1 per cent in the U.S. to 33.9 per cent, and down by 0.1 per cent in Europe and other regions to 38.9 per cent, while its gross margin in Canada increased by 0.1 per cent to 32.5 per cent.Trending Subscriber only.

The United States is losing its grip on Canada's steel market Subscriber only Commodities Canadian dollar’s resilience at risk as central bankers meet Economy Bank of Canada holds interest rate at 2.25% amid 'acute' uncertainty Economy Terence Corcoran: Could it become President Rubio and Prime Minister Poilievre? FP Comment Canada lagging in trade talks, Greer says as CUSMA review nears Economy Article contentCEO Miller said the quarter began at a slower pace following the U.S. government shutdown in November, but strengthened across the network as the weeks progressed, with nearly all of its business units posting positive same-store sales.Article contentIn Canada, he said growth moderated as expected, but remained positive at 0.3 per cent, with alcohol continuing to perform well even after cycling the full year impact of the Ontario beer legislation.Article content• Email: dpaglinawan@postmedia.comArticle contentShare this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Subscriber only.

The United States is losing its grip on Canada's steel market Subscriber only Commodities Canadian dollar’s resilience at risk as central bankers meet Economy Bank of Canada holds interest rate at 2.25% amid 'acute' uncertainty Economy Terence Corcoran: Could it become President Rubio and Prime Minister Poilievre? FP Comment Canada lagging in trade talks, Greer says as CUSMA review nears Economy