Canada's Couche-Tard Q4 beats estimates on higher fuel margins

Alimentation Couche-Tard

22/06/2026 22:19

Overview
Canada convenience retailer's Q4 revenue rose 20% yr/yr, beating analyst expectations
Q4 adjusted net income beat analyst expectations, driven by higher fuel margins and acquisitions
Company repurchased 30 mln shares in fiscal 2026 for $1.6 bln

Outlook
Company expects synergies from TotalEnergies acquisition to reach €120 mln in fiscal 2027
Company has 34 stores under construction expected to open in upcoming quarters
Couche-Tard continues to execute Core + More strategy as market conditions evolve

Result Drivers
FUEL MARGIN GAINS - Higher road transportation fuel gross margins, especially in the U.S. and Europe, were a primary driver of profit growth
ACQUISITIONS - Recent acquisitions contributed to increases in merchandise and fuel revenues and profits
CONVENIENCE GROWTH - Organic growth in convenience activities, led by packaged beverages and other nicotine products in the U.S. and Europe, supported merchandise revenue gains

Company press release: ID:nPnbRXLqQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$19.50 bln
$17.93 bln (14 Analysts)
Q4 Adjusted Net Income
Beat
$667 mln
$452.90 mln (8 Analysts)
Q4 Net Income
 
$863.40 mln
 
Q4 Merchandise & Service Revenue
 
$4.50 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Alimentation Couche-Tard Inc is C$93.00, about 12.9% above its June 19 closing price of C$82.37
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)