Alimentation Couche-Tard Surges on Earnings Beat and Global Expansion Plans
Alimentation Couche-Tard (TSE:ATD) shares rallied 5% following a strong earnings report and an ambitious store expansion strategy. The Montreal-based convenience store giant posted Q3 EPS of $0.79, up from $0.75 YoY, with revenue climbing 3% to $17.9 billion. Merchandise sales showed particular strength, rising 6.6% to $4.7 billion.
CEO Alex Miller highlighted consecutive quarters of same-store sales growth across all regions. The company aggressively repurchased $900 million in shares during the quarter, even as its stock remains down 10% year-to-date.
More significantly, Couche-Tard unveiled plans to add 500 new Circle K and Ingo-branded stores globally by 2028. This expansion WOULD extend its footprint beyond the current 17,270 locations worldwide. The dual catalysts of operational execution and growth ambition are driving renewed investor interest.
