Canadian convenience store operator Alimentation Couche-Tard has reported $782.5m in net earnings attributable to the company’s shareholders for the first quarter (Q1) of fiscal 2026 (FY26), compared to $790.8m in Q1 2025.
Adjusted net earnings attributable to the company’s shareholders were $737m, compared with $790.0m for the first quarter of FY25 – a decline of 6.7%.
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The company also saw a decline in diluted net earnings per share, from $0.83 to $0.78 in Q1 FY 26.
Total revenue for the quarter fell 5.1% to $17.35bn due to a lower average road transportation fuel selling price, partly offset by the contribution from acquisitions.
The total merchandise and service revenues for the quarter grew 4.5% to $4.7bn.
Its same-store merchandise revenues grew 0.4% in the US and saw a 3.8% increase in Europe and other regions.
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By GlobalDataThe company’s same-store merchandise revenues in Canada increased 4.1%.
Gross profit was up by $140.9m, or 4.4% to $3.3bn for the quarter.
Couche-Tard president and CEO Alex Miller stated: “We are pleased by our improved performance in this first quarter of the new fiscal year.
“Across our network, we are reporting positive same store sales, which includes our US market for the first time in several quarters. This progress is propelled by our focus on providing compelling value and ease, especially in our food and beverage offers, to win our customers who continue to watch their spendings.”
In the US, same-store road transportation fuel volumes saw a decline of 0.9%, while in Europe and other regions there was a decrease of 1.3%.
At the same time, same-store road transportation fuel volumes in Canada experienced a growth of 2.2%.
On 28 June 2025, the company completed the acquisition of 270 company-owned and operated convenience retail and fuel locations under the GetGo Café + Market brand from Giant Eagle, a supermarket retailer.
The purchase price was $1.6bn, with potential adjustments following the close.
Miller added: “We were also proud to close this quarter on 270 sites operating under the GetGo Café + Market brand, and we are already working closely with those teams to learn more about GetGo’s popular food and loyalty programmes as we start to grow together.”
In July 2025, Couche-Tard withdrew its $47bn acquisition bid for Seven & i Holdings, the parent company of 7-Eleven.
