Summary of Alimentation Couche-Tard 2026 Investor Day Company Overview - Alimentation Couche-Tard operates nearly 17,300 locations worldwide and employs approximately 150,000 team members, making it a leading destination for convenience and mobility [2][4] Strategic Growth Plans - The company plans to open over 100 new stores across North America this year, with over 1,000 new locations in the pipeline for future development [3] - The Fresh Food Fast program has gained momentum, with over 6,000 stores globally offering meal deals that are popular in North America [4] Customer Engagement and Loyalty - The Inner Circle loyalty program has surpassed 12.5 million members in the U.S., while the Extra 2.0 program is being rolled out in Europe [5] - The company sold 15.4 billion gallons of fuel last year, emphasizing its role in fueling customer journeys [4] Supply Chain and Operational Improvements - Three new U.S. distribution centers are being established to support 1,600 stores, enhancing delivery speed and reliability [7] - The RELEX inventory platform is being implemented to improve accuracy and reduce spoilage, with plans for rollout in North America [7] Employee Engagement and Culture - Couche-Tard has been recognized as an exceptional workplace by Gallup for four consecutive years, highlighting the importance of its one-team culture [8] Challenges and Learnings - The company faced unexpected consumer softness and inflationary pressures, which impacted the execution of its "10 For The Win" strategy [20] - Category changes and food execution complexities were identified as areas needing improvement [21] Successes and Achievements - Improved core operating metrics and people metrics have been noted, with a disciplined approach to network growth [22] - Digital transformation efforts have advanced significantly, positioning the company ahead in this area [23] Vision and Future Strategy - The new vision is to become the world's favorite stop for people on the go, adapting to changing consumer behaviors and preferences [46] - The strategy focuses on long-term profitable growth, emphasizing core business areas such as fuel, nicotine, and thirst [57] Financial Performance and Market Position - The company aims to grow organically, with a focus on increasing traffic to its stores [58] - Positive trends in traffic and market share in core categories have been observed, with a commitment to maintaining competitive fuel margins [71] Customer Promise and Values - The company emphasizes convenience, speed, and efficiency as key customer expectations, with ongoing investments in technology to enhance customer readiness [51] - Core values include humility, customer obsession, and a decentralized operating model that empowers local teams [27][28] Conclusion - Alimentation Couche-Tard is committed to leveraging its scale and operational excellence to drive growth and enhance customer experiences, while continuously adapting to market changes and consumer needs [64]