To join the conference call by phone, please dial 1-289-819-1299 or 1-800-990-4777 (International). Rebroadcast: A recording of the webcast will be available on the Corporation's website for 90 days. Accessibility StatementSkip Navigation LAVAL, QC, Nov. 4, 2025 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) will release its financial results for its second quarter of fiscal year 2026 on Monday, November 24, 2025, after the close of the TSX. A conference call to ...

Executive Changes in Convenience Retail Sector - Three major convenience retailers announced significant executive changes in October, highlighting a trend of leadership transitions within the industry [1] Murphy USA - Mindy West will become the CEO of Murphy USA on January 1, 2026, succeeding Andrew Clyde, who has led the company since its spinoff in 2013 and will retire at the end of 2025 [2] - West has been with Murphy USA since its inception, previously serving as executive vice president, CFO, and treasurer, and became the first COO in 2024 [3] - Donald Smith Jr. has been appointed as the interim CFO, having served as VP and controller since the spinoff and treasurer since 2024 [4] United Dairy Farmers (UDF) - Michael Ahmed has been appointed as the new CEO of UDF, replacing Brad Lindner, who is retiring after 47 years with the company [6] - Ahmed previously held the position of COO at Gorilla Glue and has extensive experience in VP-level roles at Tyson Foods and AdvancePierre Foods [6] TravelCenters of America - Debi Boffa resigned as CEO of TravelCenters of America after nearly three decades, returning to New Zealand [7] - Greg Franks, BP's senior vice president of mobility and convenience for the Americas, will serve as the interim CEO while maintaining his current responsibilities [8]

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: The Kent Companies has acquired regional competitor B&B Petroleum for an undisclosed amount, according to a Friday announcement. Kent is acquiring B&B’s 15 convenience stores scattered across southeast Louisiana, as well as its Subway and Red Bird Café restaurants. Three of the stores operate under B&B’s Louisiana Sportsman’s Paradise banner, according ...

M&A Activity in C-Store Industry - Sunoco completed its acquisition of Parkland Corp. after 180 days, with a purchase price of $9.1 billion [3][4] - The future of Parkland's 699 underperforming U.S. stores remains uncertain, with speculation on whether Sunoco will operate them or sell them [4] - United Fuels Midwest sold 13 stores, including eight c-stores and five travel centers, to Casey's General Stores, Staples Oil, and an undisclosed third company [7] Oxxo's Expansion Strategy - Oxxo operates 571 fuel-selling stores in Mexico and is focusing on re-evaluating and rebranding over 200 stores acquired from Delek [5][6] - The company is also opening fuel-less convenience stores in the United States, indicating a strategic shift in its U.S. operations [5][6]

Core Insights - Mindy West has been appointed as the new CEO of Murphy USA, set to take over in January 2026, succeeding Andrew Clyde [2][5] - West has extensive experience within the company, having joined Murphy Oil in 1996 and played a key role in the spin-off of Murphy USA in 2013 [3][4] - The company has faced challenges, including a decline in annual revenue for two consecutive years and operational difficulties related to a new store program launched in late 2023 [5][6] Company Background - Mindy West's background includes roles as executive vice president, CFO, and treasurer, and she became the first COO of Murphy USA early last year [4] - Her experience has provided her with a comprehensive understanding of the financial, commercial, and customer aspects of the business [5] Current Challenges - Murphy USA's new store program aims to enhance traffic flow and optimize sales but has encountered scheduling setbacks affecting fuel and merchandise sales [6] - The company has recently laid off about 100 corporate team members as part of efforts to improve operational effectiveness [7]

IR Day 2025 Autumn Opening Remarks October 31, 2025 Market Landscape and Our Business Rising expectations for great-tasting, high-quality food The distinction between QSR and convenience is blurring Consumers are seeking more convenient, better quality food Demand for more convenient shopping Global shifts in consumer behavior A clear shift toward value Consumers' demand for better quality at lower price continues Value-conscious shopping is reshaping the retail sector globally Consumers expect to be able t ...

Financial Data and Key Metrics Changes - Third quarter EBITDA was $285 million, virtually flat compared to the prior year despite all-in margins running about $0.02 lower [17][10] - Merchandise contribution dollars were up $24.4 million or 11.2% in Q3, driven by strong performance in nicotine categories and center store categories [20][23] - The company expects to tighten its full-year merchandise contribution guidance to between $870 million and $875 million [30] Business Line Data and Key Metrics Changes - Fuel performance showed average per store month volumes down 1.8% in Q3, with all-in margins of $0.307, including retail margins of $0.283 [18][19] - Nicotine promotional dollars have grown at a 12% CAGR since 2020, contributing significantly to merchandise performance [12][22] - QuickChek reported its fourth consecutive quarter of same-store food and beverage sales growth, with total center store categories growing by 5% [13][23] Market Data and Key Metrics Changes - The company described the current fuel market as a low price, long supply, and low volatility environment, which is challenging for an EDLP fuels retailer [10][11] - Average per store month volumes for fuel are projected to be between 235,000 to 237,000 gallons for the full year, below the original guidance range [30] Company Strategy and Development Direction - The company remains committed to a 50:50 capital allocation strategy, balancing growth and share repurchase [17][26] - A new $2 billion share repurchase program has been authorized, alongside a commitment to increase dividends by 10% annually [9][26] - The company plans to open over 45 new stores in 2025, with a strong pipeline supporting 50+ stores in 2026 and beyond [13][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate through challenging market conditions, emphasizing the importance of operational efficiencies [25][31] - The company anticipates that the current low price environment will eventually normalize, leading to improved margins [11][19] - Preliminary October results indicate strong fundamentals, with average per store month volumes running at 98% of the prior year [27][28] Other Important Information - The CEO announced his retirement, with a planned transition to the new CEO, Mindy West, effective January 1, 2026 [5][7] - The company has completed an organizational restructuring aimed at streamlining workflows and processes [32] Q&A Session Summary Question: Fuel margins and investment to drive volume - Management noted that fuel margins remained strong at $0.30 all-in, despite a low price environment, and emphasized the need for strategic investments to drive traffic [38][40] Question: Impact of ZYN promotion - The ZYN promotion was highlighted as a significant contributor to performance, showcasing the company's ability to execute for vendor partners and drive traffic [41][42] Question: Merchandise contribution guidance - The increase in merchandise contribution guidance was attributed to the ZYN promotion and overall strength in center store categories, with nicotine pouch volumes growing significantly [47][48] Question: Capital allocation and growth - Management reiterated the commitment to a balanced capital allocation strategy, emphasizing that the dividend increase does not compromise growth opportunities [50][55] Question: Cost management opportunities - Management indicated that while the recent restructuring was a one-time reset, there are ongoing opportunities for cost optimization and efficiency improvements [73][75]

Core Insights - Murphy USA has faced declining annual revenue for two consecutive years, with 2024 being described as disappointing by the outgoing CEO Andrew Clyde [3][6] - The company has implemented layoffs of approximately 100 corporate team members as part of efforts to enhance operational effectiveness [3] - Mindy West has been appointed as the new president and CEO, effective January 1, 2026, succeeding Andrew Clyde, who has been CEO since 2013 [6] Leadership Transition - Mindy West, who has been with Murphy since 1996 and has held various roles, including COO, will take on the role of president immediately and transition to CEO next year [4][6] - The board of directors expressed confidence in West's leadership abilities to drive the company forward and build on its strong foundation [5] - Andrew Clyde will remain with the company as a non-executive advisor until February 2027 to assist with the transition [5][6] Company Strategy and Challenges - Murphy USA is focusing on expanding its network across the U.S. while facing challenges such as revenue declines and corporate layoffs [3][6] - The company is investing heavily in new store development despite the recent operational challenges [6]

Core Viewpoint - Murphy USA (MUSA) shares have underperformed over the past year, losing 18% of their value due to concerns about slowing discretionary spending at its convenience stores [1] Financial Performance - The company reported mixed Q3 results, indicating ongoing challenges in its operations [1]

Core Insights - United Dairy Farmers (UDF) has appointed Michael Ahmed as the new CEO, succeeding Brad Linder who retired after 47 years with the company [1][3] - Ahmed brings extensive experience in food manufacturing, supply chain, and logistics, which were key criteria for his selection [2] - The leadership transition marks a significant shift from a family-led organization to one operated by non-owners, while the Lindner family will maintain oversight through the board [4] Leadership Transition - Michael Ahmed officially began his role as CEO on October 20, 2025, after serving as COO at Gorilla Glue Company for five years [1] - Brad Linder, who has been with UDF for 27 years, will assist in Ahmed's onboarding and will transition to the role of chairman of the UDF Board of Directors [3] - The company has been preparing for this leadership change since late 2024, indicating a planned succession strategy [4] Company Background - UDF has been a trusted name for over 85 years, emphasizing family, quality, and community [2] - The company operates 173 stores across Ohio, Kentucky, and Indiana [4]