
Key Points
- 01Q4 net earnings attributable to shareholders climbed to US$863.4m
- 02Diluted EPS rose to US$0.94 for the 12-week period to April 26, 2026
- 03Road transportation fuel revenues increased 23.9% to US$14.8bn
- 04Fuel gross profit advanced 29.3% to US$1.85bn in the quarter
Strong quarterly earnings performance
Alimentation Couche-Tard delivered a substantial increase in profitability in its fourth quarter for the 12-week period ended April 26, 2026. Net earnings reached US$862.9 million, compared with US$442.3 million a year earlier. Net earnings attributable to shareholders rose to US$863.4 million from US$439.4 million, and diluted net earnings per share doubled to US$0.94 from US$0.46. Adjusted diluted net earnings per share were US$0.73, up from US$0.46 in the prior-year period.
Operating income showed particularly strong momentum, rising to US$1,272.3 million from US$661.1 million. Total gross profit increased 19.4% to US$3,502.6 million, compared with US$2,933.0 million a year earlier. These gains came alongside higher revenues across merchandise, services, fuel and other categories.
Revenue growth across key segments
Total revenues for the quarter were US$19,487.9 million, up 19.8% from US$16,270.5 million in the comparable 12-week period of 2025. Merchandise and service revenues increased to US$4,508.5 million from US$4,186.8 million, a 7.7% rise. Total other revenues also expanded, reaching US$181.9 million versus US$138.0 million, a 31.8% increase.
Merchandise and service gross profit rose 9.3% to US$1,594.9 million from US$1,459.5 million. This helped support the broader improvement in gross profit, alongside strong contribution from the fuel segment. The combination of higher revenues and improved gross profit underpinned the sharp advance in operating income and net earnings.
Fuel revenues and profit drive results
Road transportation fuel was a key driver of the quarter. Total road transportation fuel revenues increased 23.9% to US$14,797.5 million from US$11,945.7 million. By region, fuel revenues in the United States were US$8,008.5 million, compared with US$6,502.4 million a year earlier. In Europe and other regions, fuel revenues rose to US$5,473.2 million from US$4,278.8 million, while in Canada they increased to US$1,315.8 million from US$1,164.5 million.
Fuel profitability also strengthened. Total road transportation fuel gross profit climbed 29.3% to US$1,847.8 million from US$1,429.3 million. Gross profit in the United States was US$1,157.7 million, up from US$911.5 million. Europe and other regions generated fuel gross profit of US$528.6 million, compared with US$393.6 million, and Canada contributed US$161.5 million, up from US$124.2 million. The company stated that higher average fuel selling prices helped to increase revenue during the period.
Key Takeaways
- 01Quarterly earnings growth was broad-based, with both merchandise and fuel contributing, but fuel remained the primary driver of the profit surge.
- 02Improved operating income and gross profit indicate that Couche-Tard not only expanded sales but also strengthened overall profitability.
- 03Regional data show that fuel revenue and gross profit gains were shared across the United States, Europe and Canada, underscoring geographically diversified momentum.
References
- https://www.marketscreener.com/news/couche-tard-reports-us-863-4m-in-q4-profit-up-year-over-year-from-us-439-4m-ce7f5fdad989f723
- https://ca.finance.yahoo.com/news/couche-tard-reports-us-863-215424948.html
- https://www.prnewswire.com/news-releases/alimentation-couche-tard-announces-its-results-for-its-fourth-quarter-and-fiscal-year-2026-302806404.html
- https://news.futunn.com/en/post/74910594/3-blue-chip-stocks-that-look-built-for-these-uncertain