Alimentation Couche-Tard (ATD) Q1 2027 earnings summary

Executive summary

• Adjusted EBITDA grew 10.5% year-over-year, with adjusted diluted EPS up 15.4%, driven by strong fuel margins, acquisitions, and disciplined cost control.

• Net earnings attributable to shareholders reached $829 million ($0.90 per diluted share), up from $782.5 million year-over-year.

• Achieved fifth consecutive quarter of positive same-store merchandise sales growth in the U.S., led by food, energy drinks, and nicotine products.

• Announced acquisition of a controlling stake in Żabka Group, Poland's largest convenience retailer, expanding global footprint and supply chain capabilities.

• Inner Circle loyalty program membership surpassed 16 million, more than doubling since Q4 FY24, with over 1 million new members in the U.S.

Financial highlights

• Revenues reached $21.7 billion, up 25.1% year-over-year, mainly from higher fuel prices, acquisitions, and organic growth.

• Adjusted EBITDA was $1.78 billion, up 10.5%; adjusted net earnings were $827 million ($0.90 per share), up 15.4%.

• Merchandise and service revenues rose to $4.88 billion, with gross profit up 8.7% to $3.6 billion.

• Road transportation fuel gross profit was $1.84 billion on revenues of $16.67 billion.

• Declared a quarterly dividend of CA 21.5¢ per share.

Outlook and guidance

• Confident in achieving long-term growth targets, including 750 new stores by 2030 and continued margin expansion.

• FY26–FY30 CAGR targets: 2–3% for same-store merchandise revenues, 4–5% for total merchandise and service revenues, 6–8% for adjusted EBITDA, and over 10% for adjusted diluted EPS.

• Żabka acquisition expected to close before fiscal year-end, expanding presence in Central and Eastern Europe.

• Strategic focus on digital, data, and technology to drive growth and operational efficiency.

• Guidance assumes stable macroeconomic conditions and no significant regulatory or tax changes.