ALIMENTATION COUCHE-TARD ANNOUNCES ITS RESULTS FOR ITS SECOND QUARTER OF FISCAL YEAR 2026

Core Insights - Alimentation Couche-Tard Inc. reported strong financial results for the second quarter of fiscal 2026, with net earnings attributable to shareholders increasing to $740.6 million, up from $708.8 million in the same quarter of fiscal 2025, representing a 4.5% increase [6][7][22] - The company achieved same-store sales growth across all geographies for the second consecutive quarter, driven by successful promotions and strategic investments [2][6] - Total merchandise and service revenues reached $4.7 billion, marking a 6.6% increase compared to the previous year, with same-store merchandise revenues growing by 1.2% in the United States, 0.5% in Europe and other regions, and 5.4% in Canada [6][24] Financial Performance - Adjusted net earnings attributable to shareholders were approximately $734.0 million, reflecting a 4.1% increase from $705.0 million in the prior year [6][7] - Earnings per diluted share rose to $0.79, up from $0.75, while adjusted diluted net earnings per share increased by 5.4% to $0.78 [6][7] - Gross profit for the quarter was $3.4 billion, an increase of 8.1% compared to the same quarter last year, driven by acquisitions and improved margins [33][34] Revenue Breakdown - Total revenues for the second quarter were $17.9 billion, a 2.6% increase year-over-year, primarily due to acquisitions and organic growth, despite lower average road transportation fuel selling prices [22][23] - Road transportation fuel revenues totaled $13.0 billion, up by 1.3% from the previous year, with same-store fuel volumes decreasing by 0.6% in the United States and 1.8% in Europe and other regions, while increasing by 1.1% in Canada [27][28][29] Operational Highlights - The company repurchased nearly $900 million of its shares during the quarter, reinforcing its balanced approach to capital allocation [2][6] - The second quarter marked the first full quarter of operations from GetGo, enhancing the company's food and convenience offerings in the U.S. [2][6] - The company continued to invest in capital expenditures, amounting to close to $900 million in the first half of the year, aimed at unlocking new capabilities and enhancing customer value [2][6] Store Network Changes - The company operated a total of 14,637 sites at the end of the quarter, with 14 acquisitions and 33 new openings, while 74 sites were closed [11][13] - The network included 2,633 Circle K branded sites under licensing agreements, contributing to a total network of 17,270 sites [13]