Couche-Tard Opened 37 New Locations in Q3

Alimentation Couche-Tard Inc. today released its results for its third quarter of fiscal 2026 ended February 1, 2026.

The company posted the following results:

• Net earnings were $757.2 million for the third quarter of fiscal 2026 compared with $641.4 million for the third quarter of fiscal 2025. Adjusted net earnings were approximately $751.0 million compared with $641.0 million for the corresponding quarter of last year –an increase of 17.2%.
• Total merchandise and service revenues of $5.8 billion, an increase of 8.7%. Same-store merchandise revenues increased by 2.8% in the United States, by 0.4% in Europe and other regions and by 0.3% in Canada. Consolidated same-store merchandise revenues increased by 2.0%.
• Merchandise and service gross margin decreased by 0.1% in the United States to 33.9%, and by 0.1% in Europe and other regions to 38.9%, while it increased by 0.1% in Canada to 32.5%.
• Same-store road transportation fuel volumes decreased by 0.4% in the United States, and by 1.6% in Europe and other regions, while it increased by 4.2% in Canada.
• Thirty-seven new-to-industry openings and eight relocated or reconstructed stores, reaching a total of 80 stores since the beginning of fiscal 2026. As of February 1, 2026, another 58 stores were under construction and should open in the upcoming quarters. The company acquired 12 company-operated stores, reaching a total of 26 company-operated stores acquired through various transactions since the beginning of fiscal 2026.

"For the third consecutive quarter, we delivered positive same-store sales across every region and once again outperformed the broader industry. Customers continue to respond to the value and ease of our offer, from meal deals to our compelling thirst and nicotine programs, which along with healthy fuel margins and deepening loyalty program engagement are feeding our momentum as we execute our refreshed Core + More strategy. Heading into the fourth quarter of our fiscal year, I couldn't be prouder of the teams driving these results, focused on winning our customers and embracing our vision to become the world's favorite stop for people on the go,” said Alex Miller, president and chief executive officer.

Last month, the company outlined its foodservice growth plan and said it is focusing on providing “operations excellence” in the foodservice category with on-time cooking, hero item availability, food spoilage management and data driven process improvement.

Couche-Tard also said it has plans to grow its network by an additional 750 stores in the next five years through franchise expansion, development growth and network investments and single site acquisitions.