Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

ALIMENTATION COUCHE-TARD ANNOUNCES ITS RESULTS FOR ITS THIRD QUARTER OF FISCAL YEAR 2026

By The Northwire Desk — AI Analysis Mar 17, 2026 · 17:05 ATD · 82.96 ALIMENTATION COUCHE-TARD INC.
ATD · Price

Executive Summary

  • Couche‑Tard reported net earnings of $757.2 M ($0.82 per diluted share), up 18% YoY, with adjusted EBITDA of $1.88 B (+15%).
  • Merchandise & service revenues rose 8.7% to $5.8 B; road‑fuel revenues increased 2.8% to $15.9 B despite lower average fuel prices.
  • Same‑store sales grew in all regions (U.S. +2.8%, Europe +0.4%, Canada +0.3%). Store network added 12 company‑operated stores and 37 new constructions; 58 additional stores are under construction.

Key Details

  • Net earnings: $757.2 M vs. $641.4 M (FY25); diluted EPS $0.82 vs. $0.68.
  • Adjusted net earnings: $751.0 M vs. $641.0 M; adjusted diluted EPS $0.81 (+19.1%).
  • EBITDA / Adjusted EBITDA: $1,878.0 M (↑15%) / $1,881.9 M (↑14.7%).
  • Gross profit: $4.235 B (+12.5% YoY).
  • Merchandise & service gross margin: 34.8% (flat YoY).
  • Road‑fuel gross margin: U.S. 47.71¢/gal (+3.43¢), Europe €10.87 c/L (+1.58 c), Canada CA15.82 c/L (+2.28 c).
  • Store network: Total sites 17,276 (incl. 1,165 automated fuel stations); net increase of 12 company‑operated stores; 37 new openings + 8 relocations/reconstructions = 80 total changes FY26 Q3. 58 stores under construction.
  • Share repurchases: 12.9 M shares in Q3 (total FY ≈ 29.6 M) for $684.4 M; post‑quarter additional 0.4 M shares for $21.6 M.
  • Dividends: Board declared CA 21.5¢ per share, payable April 9 2026.
  • Balance sheet highlights: Total assets $40.894 B; interest‑bearing debt $15.779 B (up $1.823 B); net interest‑bearing debt $14.252 B; leverage ratio 2.25 × (vs. 1.96 × FY25).
  • Capital allocation: Continued share repurchases, dividend payout, and investment in network expansion (58 stores slated to open in upcoming quarters).

Notable Quotes

  • Alex Miller (President & CEO): Emphasized “positive same‑store sales across every region” and confidence heading into Q4 under the refreshed Core + More strategy.
  • Filipe Da Silva (CFO): Highlighted “one of our best quarterly performances in over two years,” noting strong adjusted EBITDA growth driven by fuel margins, acquisitions, and organic traffic growth.
Read the original news release →

More from ALIMENTATION COUCHE-TARD INC.

Jun 22, 2026 · 17:05

Legal recovery distorts headline; adjusted earnings decelerate sequentially as same-store sales weaken in Canada and fuel volumes contract.

Earnings Apr 14, 2026 · 17:05

Couche-Tard Refinances Euro Debt Amidst Profit-Taking; Strategy Holds Steady

Financings Feb 11, 2026 · 09:05

ALIMENTATION COUCHE-TARD PRESENTS ITS 2026 BUSINESS STRATEGY UPDATE AND NEW LONG-TERM GUIDANCE

Other Nov 24, 2025 · 17:05

ALIMENTATION COUCHE-TARD ANNOUNCES ITS RESULTS FOR ITS SECOND QUARTER OF FISCAL YEAR 2026

Earnings