EG Group, a global convenience retailer based in the U.K., recently released its earnings report for the fourth quarter 2024, representing the three months ending December 31, 2024 along with its full-year 2024 results. “EG Group delivered a strong trading and operating performance in 2024, which, alongside significant strategic and deleveraging progress, positions the business well for future growth,” EG said.

For the fourth quarter, EG reported a 7% increase in underlying EBITDA, which was primarily driven by a “positive performance in grocery and merchandise, where gross profit rose 10% due to the impact of product and market-based initiatives at EG America. Foodservice also delivered a 4% increase in gross profit.” The U.S. delivered an 8% increase in underlying EBITDA in Q4.

EG said that its U.S. business, including Cumberland Farms, Fastrac, Kwik Shop and Quik Stop, delivered full-year underlying EBITDA growth of 17% in 2024. The four main areas of growth EG America focused on were product, fuel, customer engagement and operating efficiencies. Initiatives included coffee and dispensed beverage pricing and product range optimization.

“The positions we took last year have positioned us for further growth and together with our extensive portfolio of assets in nine countries globally, will provide a platform for us to maximize future growth opportunities to further strengthen our position as a leading independent convenience and fuel retailer,” said Issa. “Looking ahead, we are well placed to progress as a business in 2025, and I look forward to working with our global team to deliver continued growth.”

Last month, NACS Daily reported that EG America introduced a “new-to-industry business fleet card in partnership with AtoB, the fintech payments platform modernizing the fleet and trucking industry’s financial systems.