Couche-Tard Reports Increase in Earnings and Loyalty Members
Plus, the company’s acquisition of Poland’s Żabka Group is expected to close by the end of the year.
Sep 02, 2026 | 2 min read
Alimentation Couche-Tard reported an increase in net earnings for the quarter ended July 19.
The parent company of Circle K said in an earnings release that its net earnings were $828.5 million for the quarter, up from $782.5 million in the same period last year.
“We are encouraged by the start to fiscal 2027 and the continued progress we are making through Core + More,” said CEO Alex Miller in the release. “We delivered our fifth consecutive quarter of positive same-store merchandise sales growth in the U.S., supported by continued momentum in food, energy drinks and other nicotine products.”
On an earnings call Wednesday morning, Miller highlighted the company’s summer promotions, including its America 250 campaign, which Miller said delivered “compelling value offers for our customers while helping expand our loyalty base for the long term.”
On loyalty, Miller said that the Inner Circle loyalty program in the United States added more than 1 million members during the quarter, bringing the program to nearly 16 million members.
“Nearly one in three transactions now comes from a loyalty member,” Miller said.
The earnings report follows the July announcement that the company plans to acquire all the issued and outstanding shares of Żabka Group, Poland’s largest convenience retailer. The offer valued Żabka at about $8.6 billion.
On Wednesday’s call, Miller called Żabka “one of Europe’s most dynamic convenience retailers.”
He said the deal is expected to be completed by the end of this calendar year.
“This acquisition accelerates our Core + More strategy, expands our global footprint and adds complementary strengths in food, private brands, supply chain capabilities, digital engagement, loyalty and personalization, while supporting our organic growth ambitions,” Miller said.
