Alimentation Couche-Tard Inc (TSE:ATD)
TSX:ATD
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Earnings Data
Report Date
Sep 08, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
1.31Last Year’s EPS
1.11Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented broad operational and financial momentum: strong same-store sales growth in the U.S., meaningful adjusted EBITDA and adjusted net earnings expansion, material progress on foodservice, packaged beverages, nicotine and EV charging, and clear digital and supply-chain initiatives that support future margin improvements. Management highlighted substantial liquidity, disciplined capital allocation, aggressive store expansion and ongoing M&A activity. Offsets include region-specific volume weakness (fuel), Canada’s tobacco/modern nicotine headwinds, temporary food margin pressure, a higher effective tax rate, and the fact that reported net earnings were aided by a ~$260M one-time gain. Overall the positives — recurring sales and margin improvements, category momentum, network expansion, and scalable digital/EV trends — materially outweigh the challenges discussed.Company Guidance
Strong Top-Line Growth and Same-Store Sales
Consolidated same-store sales grew 2.2% year-over-year in Q4 FY2026; U.S. same-store sales led at +3.4% (best U.S. quarterly result in 3 years); Europe & other regions +1.1%; Asia delivered positive same-store sales. Canada was -0.9% but excluding tobacco sales were +1.3%.
Robust Earnings and Adjusted Earnings Growth
Q4 reported net earnings $863 million ($0.94 diluted EPS) including a one-time net gain of ~$260 million; adjusted net earnings $667 million ($0.73 diluted EPS), which was +58.7% versus the comparable quarter. Fiscal 2026 reported net earnings $3.1 billion (+21.8% YoY); adjusted net earnings $2.9 billion (+12.1% YoY); adjusted diluted EPS $3.10 (+14.4%).
Adjusted EBITDA Expansion
Q4 adjusted EBITDA up $350 million or +28.9% YoY (FX-adjusted). Fiscal 2026 adjusted EBITDA increased $643 million or +10.8% YoY, driven by higher fuel gross margin, organic convenience growth and acquisitions.
Fuel and Mobility Performance / Supply Strength
U.S. road transportation fuel gross margin in the quarter was $0.5244 per gallon; fiscal 2026 fuel gross profit increased $748 million or +11.7% YoY. Total gallons sold increased nearly 5% (network expansion) despite same-store fuel volumes down 2.1% in U.S. Company completed acquisition of 3 fuel terminals in Germany to strengthen European supply capabilities.
Foodservice Momentum and Execution Improvements
U.S. foodservice same-store sales grew over +5%; fresh food fast sales grew over +10%. Meal Deals adoption increased to nearly 1.0M bundles/week in Q4 and moved closer to 1.2M bundles/week subsequently. Hero item availability improved to >90% from ~75% a few quarters ago.
Category Strength — Thirst, Packaged Beverages and Nicotine
U.S. energy same-store sales grew >15%; packaged beverages same-store sales up nearly +6%. Other nicotine products in U.S. grew +8.5% same-store. These category gains supported margin expansion through favorable mix and pricing execution.
Digital & Loyalty Progress
U.S. Inner Circle expanded to >5,000 stores and 15 million members (nearly +50% YoY). Age-verified membership reached 3.2M users (+12% vs prior quarter). Pump-to-store conversion quadrupled (4x) and mobile payment usage increased ~+60% YoY — driving improved customer engagement and conversion.
EV Charging Growth and Operational Reliability
Surpassed 4,000 Circle K branded charge points and a total network of >4,700 fast chargers (+30% YoY). Quarterly charging transactions >2.2M and full-year >8M; charging transactions up >50% YoY and kWh sold up nearly +60% YoY; uptime improved to >97%.
Network Expansion and New Store Productivity
Completed 37 new store builds and 13 relocations/reconstructions in the quarter, totaling 130 projects in FY2026 with 34 stores under construction. Management noted ATI stores opened are ~4-5x more profitable than average after 3 years and the company remains on track to build 750 new stores through 2030.
Balance Sheet, Cash Return and Liquidity
Leverage ratio at 1.99x; cash >$3.0 billion plus ~$3.5 billion available on revolving facility. Returned ~ $1.6 billion to shareholders via share repurchases during the year; repurchased 0.4M shares for $22.6M in the quarter. Declared quarterly dividend CAD 0.215 per share.
TotalEnergies Integration and Synergy Progress
Implemented 95 rebranded TotalEnergies sites during the quarter. Underlying synergy run rate exceeded EUR 60 million, with targets of EUR 120 million by FY2027 and EUR 170 million by FY2029 (management states they are on track).
Operational Efficiency and Margin Improvements
U.S. merchandise margin improved by 50 basis points to 34.4% (favorable category mix, vendor partnerships, procurement and in-store execution). Europe & other regions gross margin increased by 100 bps to 39.6% in the quarter. Fiscal initiatives (DC rollouts, RELEX pilot scaling) expected to drive further margin and availability improvements over the medium term.
TSE:ATD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:ATD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 22, 2026 | C$82.26 | C$91.87 | +11.68% |
Mar 17, 2026 | C$82.73 | C$78.47 | -5.15% |
Nov 24, 2025 | C$70.53 | C$73.99 | +4.91% |
Sep 02, 2025 | C$68.67 | C$72.97 | +6.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alimentation Couche-Tard Inc (TSE:ATD) report earnings?
Alimentation Couche-Tard Inc (TSE:ATD) is schdueled to report earning on Sep 08, 2026, After Close (Confirmed).
What is Alimentation Couche-Tard Inc (TSE:ATD) earnings time?
Alimentation Couche-Tard Inc (TSE:ATD) earnings time is at Sep 08, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:ATD EPS forecast?
TSE:ATD EPS forecast for the fiscal quarter 2027 (Q1) is 1.31.
