Alimentation Couche-Tard Inc. (ACT) reported net earnings of $782.5 million for the first quarter of fiscal 2026, compared with $790.8 million the prior year, per its results for the first quarter ending July 20, 2025.
ACT said adjusted net earnings were approximately $737.0 million, compared with $790.0 million for the corresponding quarter of last year, representing a decrease of 6.7%.
Total merchandise and service revenues were $4.7 billion, an increase of 4.5%. Same-store merchandise revenues increased by 0.4% in the United States, by 3.8% in Europe and other regions and by 4.1% in Canada.
“On June 28, 2025, we closed the acquisition of 270 company-owned and operated convenience retail and fuel sites operating under the GetGo Café + Market ("GetGo") brand from supermarket retailer Giant Eagle Inc., for a purchase price of $1.6 billion, subject to post-closing adjustments. The acquisition also included surplus properties. GetGo sites are located in the states of Indiana, Maryland, Ohio, Pennsylvania and West Virginia in the United States. The transaction was financed using our available cash and existing credit facilities, including our United States Commercial Paper Program,” ACT said.
In connection with obtaining U.S. Federal Trade Commission (FTC) regulatory approval for the acquisition of GetGo, ACT entered into a consent agreement to sell 34 Circle K-branded company-owned and operated convenience retail and fuel locations and one GetGo property in Pennsylvania, Indiana and Ohio. The sale “was finalized for consideration of approximately $158.0 million which resulted in a gain on disposal of property and equipment and other assets of $66.4 million for the 12-week period ended July 20, 2025.”
"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 U.S. 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,” said Alex Miller, president and chief executive officer of Alimentation Couche-Tard.