Addressing shareholders at Couche-Tard ’s AGM after the retailer posted revenue growth of 30.9% for Q1 2007 last week, management spoke of the company’s aggressive acquisition strategy and predicted continued strong growth in the coming years.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The third-largest convenience store operator in North America increased its earnings by 25% in the last financial year and reported that net revenues grew from US$674.8m to US$2.86bn. While earnings for the quarter declined, the company said that this was the result of one-off items, adding that were it not for these Couche-Tard would have posted a 14% earnings rise.


“For the quarter ended 23 July, 2006, net earnings amounted to $44.6m or $0.21 per
share on a diluted basis, a decline of $9.5m. Excluding unusual items and those over which Couche-Tard has little control, net earnings would have reached $61.7m or $0.30 per share on a diluted basis, up 14.0% over the net earnings of the first quarter of the previous year. These unusual factors include a retroactive income tax expense of $9.9m in the first quarter, following the adoption of Bill 15 by the Government of Quebec,” the company said.


Speaking at the AGM, chief financial officer Richard Fortin said: “There is no reason why we shouldn’t achieve 15-20% earnings growth year after year.”


Couche-Tard plans to open 100 to 130 stores a year and add at least 200 sites through acquisitions, chief executive officer Alain Bouchard said. Couche-Tard is currently examining “several” acquisitions both at home and in the US, Bouchard added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company operates under the Circle K and Mac’s formats in Canada and the US.