Couche-Tard news

27 November 2019
Alimentation Couche-Tard has submitted a AU$8.6bn (US$5.8bn) bid to purchase Caltex Australia. Caltex battling profit downturn The Alimentation Couche-Tard offer is subject to board approval and follows another offer that was made in early October and rejected. Caltex has been repurposing its business in Australia due to a significant downturn in profit margins and already plans to look to ...
09 September 2019
Couche-Tard delivered a solid first quarter while facing tough comparables from last year. We look at some of the innovation programmes underway within the business. Headline numbers Total merchandise and service revenues up 1.6% to $3.6bn Same-store merchandise revenues up 2.5% in the US, 0.7% in Europe and 0.3% in Canada Net earnings up 18.3% to $538.8m Circle K global rebrand...
18 July 2019
Having reported a strong fourth quarter, capping off an excellent year for the business, we look at the prospects for Circle K’s operator, Couche-Tard, over the next 12 months. Underlying business strength The strength of Couche-Tard’s business is underlined by its same-store sales performance in Q4, with merchandise revenues increasing by 3.4% in the US, 4.2% in Canada and by 4.7% in Europ...
21 March 2019
We review Couche-Tard’s third quarter performance and how it’s developing new food-to-go offers in North America and Europe. Record profit performance Total third quarter revenue increased 4.6% to $16.5bn, with merchandise and service revenue up 8.8% to $4.2bn. The retailer also saw strong growth in same-stores sales, increasing by 4.9% in Canada, 4.5% in the US and by 2.9% in Europe. Profi...
19 March 2019
We've been in-store in Dublin to explore some of the latest retail/ food-to-go fusion concepts ahead of our April 25 safari.Here are some of the key things we took from our latest set of visits. BWG - giving SPAR stores a new look and feel One of the key headlines from our visit was the new look and feel we saw in BWG’s SPAR stores. SPAR Merrion Row, a long time favourite of ours in Dublin,...
28 November 2018
We review Couche-Tard’s second quarter performance and progress against its strategic initiatives. Sales growth underpinned up revamped promotional and marketing activities Couche Tard’s second quarter merchandise and service revenues increased by 11.1% to $3.5bn, with total revenue up 21.1% to $14.7bn. Net earnings were up 9.4% to $473.1m. Same-store sales increased by 5.1% in Canada, by 4...
07 September 2018
We review Couche-Tard’s first quarter performance and the improvements it’s making to its food and coffee programs. Strong sales and profit growth First quarter merchandise and service revenues increased by 27.6% to $3.5bn. While acquisitions underpinned the strong sales growth, the retailer also delivered a much improved same-store sales performance. Same-store sales were up 7.3% in Europe...
11 July 2018
We review Couche-Tard’s fourth quarter results and its progress with several new initiatives. Positive same-store sales in all regions Couche-Tard delivered a strong end to the year, with merchandise and service revenues up 25.0% to $3.2bn. This reflected the acquisition of CST Brands and Holiday Stationstores. Same-store merchandise revenues increase by 1.8% in the US, by 3.6% in Canada an...
30 May 2018
As part of IGD’s research programme, our team of analysts regularly travel the world visiting new concept stores. On a recent trip to Oslo, we visited over 20 stores, including new concept stores from leading grocery retailers, as well as smaller, niche operators. In this article we pick out five of our favourite concepts across different channels. 1. Circle K Source: IGD research For...
23 March 2018
We review Couche-Tard’s third quarter performance and its progress against key initiatives. US same-store sales impacted by CST Brands acquisition Couche-Tard’s third quarter merchandise and service revenue increased by 25.0% to $3.8bn. This was driven by a series of acquisitions and same-store sales growth. Same-store sales, excluding the impact of Holiday Stationstores, were up 3.6% in Eu...