Alimentation Couche-Tard Inc. (ACT) announced results for its fourth quarter ended April 27, 2025, reporting net earnings of $439.4 million for the fourth quarter of fiscal 2025 compared with $453.0 million for the fourth quarter of fiscal 2024. Adjusted net earnings were approximately $441.0 million compared with $461.0 million for the corresponding quarter of last year, a decrease of 4.3%, ACT reported.

Couche-Tard also said it completed 97 new-to-industry store openings and relocated or reconstructed 20 stores during fiscal 2025. “As of April 27, 2025, another 41 stores were under construction and should open in the upcoming quarters,” the company said.

“We closed the fourth quarter and fiscal year with disciplined financial results that reflect the strength and operational effectiveness of our business, supported by continued investment in technology and customer value. … As we enter the new fiscal year, we remain focused on controlling costs, delivering shareholder value and making impactful capital investments to support our long-term growth agenda,” said Filipe Da Silva, chief financial officer.

The company also reported total merchandise and service revenues of $4.2 billion in Q4, an increase of 2.0%. Same-store merchandise revenues decreased by 0.4% in the United States, increased by 3.4% in Europe and other regions, and increased by 3.5% in Canada.

Merchandise and service gross margin in Q4 decreased by 0.2% in the United States to 33.9%, by 0.6% in Europe and other regions to 38.6%, and by 0.8% in Canada to 34.1%. Same-store road transportation fuel volumes decreased by 1.9% in the United States, by 0.6% in Europe and other regions, and increased by 3.7% in Canada.