Couche-Tard Profits Up As Merchandise Sales Increase

The retailer said its meal deals and Fuel Day events helped boost performance.

November 25, 2025

Alimentation Couche-Tard (ACT) saw profits increase in the second quarter of its fiscal year 2026 (ended October 12, 2025), the company said during its earnings call on November 24. Net earnings were $740.6 million, compared with $708.8 million for the second quarter of fiscal 2025. Adjusted net earnings increased 4.1% ($734.0 million compared with $705.0 million for the corresponding quarter of last year).

Same-store sales grew for the second consecutive quarter across all geographies. Total merchandise and service revenues reached $4.7 billion, an increase of 6.6%. Same-store merchandise revenues increased by 1.2% in the United States, by 0.5% in Europe and other regions and by 5.4% in Canada.

“We are outperforming our industry with an offer that is clearly resonating with our customers—from the continued growth of our meal deals and exclusive vendor partnerships to the success of our seasonal Fuel Day events, which are driving traffic and excitement at our sites,” said Alex Miller, president and chief executive officer. “Looking ahead, we remain focused on delivering compelling value and investing in programs that drive operational excellence, optimize our supply chain, and enhance the customer experience in the store, at the pump, and digitally. I'm proud of our team's performance and the progress we're making together to win our customers."

This is also the first full quarter after the company’s acquisition of GetGo, “which further broadens our food and convenience offering in the U.S. and opens new opportunities for customer engagement,” said Chief Financial Officer Filipe Da Silva.

During the quarter, ACT said it acquired 14 company-operated stores, including seven company-owned and operated convenience retail and fuel sites located in Ireland and operating under the Texaco brand, and seven company-operated stores located in the United States. It completed the construction of 19 stores and the relocation or reconstruction of three stores, reaching a total of 35 stores since the beginning of fiscal 2026. As of October 12, 2025, another 73 stores were under construction and should open in the upcoming quarters.

Last week, ACT opened a new distribution center (DC) in Otsego, Minnesota, which will support nearly 500 Holiday Station stores and Circle K locations throughout the Twin Cities and the upper Midwest. It is the first of three new DCs scheduled to open in the coming months in Missouri and Ohio, according to the company.