---
title: "Couche-Tard CEO: “We Continue to Win in the Markets We Serve”"
url: https://burnaze.com/article/b9183011-e023-48ae-b752-3b376f832190
source: "CStore Decisions"
original_url: https://cstoredecisions.com/couche-tard-ceo-we-continue-to-win-in-the-markets-we-serve/
category: "C-store & fuel"
industry: "Retail"
segment: "C-store & fuel"
topics: ["People"]
published: 2026-06-24T18:01:52.000Z
modified: 2026-10-31T13:18:26.274Z
image: https://cstoredecisions.com/wp-content/uploads/2026/06/circle-k-exterior-unsplash-.jpg
---

# Couche-Tard CEO: “We Continue to Win in the Markets We Serve”

**TL;DR:** Alimentation Couche-Tard, the parent company of Circle K, reported a 51.2% surge in adjusted net earnings driven by strong merchandise sales. The company opened 130 new stores and saw significant growth across several key segments.

*originally published in CStore Decisions on 2026-06-24. [Read the original](https://cstoredecisions.com/couche-tard-ceo-we-continue-to-win-in-the-markets-we-serve/).*

## Story

The Circle K parent saw a significant uptick in earnings compared to last year while opening 130 new stores.

Circle K owner Alimentation Couche-Tard recently shared the results from its fourth quarter and fiscal year, during which the company saw significant growth across several key segments.

For the quarter, Couche-Tard notched net earnings of $863.4 million, compared with $439.4 million for the fourth quarter of fiscal 2025. Adjusted net earnings were approximately $667 million compared with $441 million for the corresponding quarter of last year, representing an increase of 51.2%.

Notably, total merchandise and service revenues increased 7.7% to $4.5 billion.

Same-store merchandise revenues increased by 3.4% in the U.S., and by 1.1% in Europe and other regions, while it decreased by 0.9% in Canada. On the fuel side, same-store road transportation fuel volumes decreased by 2.1% in the U.S., and by 4.4% in Europe and other regions, while it increased by 2% in Canada.

“We delivered a solid fourth quarter to close the year, driven by the quality of our underlying results, even excluding the impact of certain favorable items,” said Filipe Da Silva, chief financial officer, Couche-Tard. “Disciplined execution enabled us to maintain our normalized growth of expenses below inflation, protecting profitability while continuing to invest in the business to support improved return metrics. Our results highlight the consistency and durability of our earnings and reinforce our confidence as we continue delivering against our Core + More strategy into the new fiscal year.”

For the full year, the company reported strong improvements on return on capital employed, increasing from 12.2% to 13.7%. The uptick comes from “net recovery on the resolution and remeasurement of certain long-standing legal matters, which had a favorable impact of 0.8% on this metric,” Couche-Tard’s report read.

Throughout the year, the company saw significant growth, marking 103 new-to-industry openings and 27 relocated or reconstructed stores. As it stands, 34 additional stores are currently under construction and are expected to open in the coming months.

“Our focus on delivering on our customer promise through our Core + More strategy is driving strong momentum across our U.S. business, with improved traffic and ongoing growth in key categories such as food and packaged beverages; meanwhile, our teams are leaning into the strength and agility of our fuel supply chain as well as our global scale to capture opportunities across our network as market conditions evolve,” said Alex Miller, president and CEO, Couche-Tard.

“Overall, the commitment and resilience of our teams is reinforcing the progress we are making in the business as we continue to win in the markets we serve.”

## Entities

- Retail (sector)
- CStore Decisions (publication)
- store expansion (topic)
- earnings report (topic)
- Circle K (company)
- Alimentation Couche-Tard (company)
- merchandise sales (topic)
- Alex Miller (person)
- Filipe Da Silva (person)
- fuel volumes (topic)

---
Originally reported by CStore Decisions (https://cstoredecisions.com/couche-tard-ceo-we-continue-to-win-in-the-markets-we-serve/). Summarized by Burnaze (https://burnaze.com/article/b9183011-e023-48ae-b752-3b376f832190).