Alimentation Couche-Tard Inc. Q4 2026 Earnings Recap

Shares rose 14% as Alimentation Couche-Tard delivered better-than-expected top-line growth and margin expansion, driven by strong U.S. convenience sales and successful food and beverage initiatives.

Key Takeaways

• Reported nearly 20% year-over-year top-line growth, with U.S. convenience same-store sales up 3.4%, the best quarterly result in three years.
• Foodservice same-store sales in the U.S. grew over 5%, fresh food fast sales increased more than 10%, supported by the expanding Meal Deals platform now running nearly 1.2 million bundles per week.
• Margin expansion was supported by strong energy drink sales (up over 15% same-store) and favorable pricing, contributing to improved profitability.
• Canada’s convenience business showed resilience, with a 1.3% increase in sales excluding tobacco, despite a 0.9% decline overall due to tobacco pressure.
• Europe showed moderate growth and ongoing integration of TotalEnergies sites with rebranding of 95 locations completed, supporting future growth potential.