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Couche‑Tard Q4 earnings surge past expectations

Wall Street Journal US Business •
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Canadian convenience‑store giant Alimentation Couche‑Tard posted a fourth‑quarter profit of $863.4 million, or 94 cents per share, versus $439.4 million a year earlier. The surge stemmed from solid same‑store sales growth and higher fuel margins, which compensated for weaker fuel volumes in Europe and the United States. The performance bolsters the chain’s position as the largest convenience retailer, pressuring peers that rely heavily on fuel sales.

The company also recorded a $260.9 million pretax recovery from longstanding legal disputes, boosting earnings. Excluding one‑time items, adjusted profit reached 73 cents a share, well above analysts’ consensus of 54 cents. Revenue climbed to $19.49 billion, surpassing the $18.51 billion forecast, reflecting robust consumer traffic despite macro pressures and lift comparable‑store comps across the network.

Investors greeted the results with a rally in Couche‑Tard stock, rewarding the firm’s ability to generate earnings growth without expanding its store base. The earnings beat reinforces confidence that the operator can sustain margin expansion even as fuel consumption trends shift. The latest figures set a strong foundation for the upcoming fiscal year.