ALIMENTATION COUCHE-TARD ANNOUNCES ITS RESULTS FOR ITS FOURTH QUARTER AND FISCAL YEAR 2026

Alimentation Couche-Tard Inc. (“Couche-Tard” or the “Corporation”) (TSX: ATD) announces its results for its fourth quarter ended April 26, 2026.

Executive Comments on the Quarter

Alex Miller, President and Chief Executive Officer, said: “Our focus on delivering on our customer promise through our Core + More strategy is driving strong momentum across our U.S. business, with improved traffic and ongoing growth in key categories such as food and packaged beverages; meanwhile, our teams are leaning into the strength and agility of our fuel supply chain as well as our global scale to capture opportunities across our network as market conditions evolve. Overall, the commitment and resilience of our teams is reinforcing the progress we are making in the business as we continue to win in the markets we serve.”

Filipe Da Silva, Chief Financial Officer, added: “We delivered a solid fourth quarter to close the year, driven by the quality of our underlying results, even excluding the impact of certain favorable items. Disciplined execution enabled us to maintain our normalized growth of expenses¹ below inflation, protecting profitability while continuing to invest in the business to support improved return metrics. Our results highlight the consistency and durability of our earnings and reinforce our confidence as we continue delivering against our Core + More strategy into the new fiscal year.”

Quarterly Highlights

• Net earnings attributable to shareholders of the Corporation were $863.4 million for the fourth quarter of fiscal 2026 compared with $439.4 million for the fourth quarter of fiscal 2025. Adjusted net earnings attributable to shareholders of the Corporation¹ were approximately $667.0 million compared with $441.0 million for the corresponding quarter of last year, representing an increase of 51.2%. Net earnings attributable to shareholders of the Corporation were adjusted, among other items, by the net recovery on the resolution and remeasurement of certain long-standing legal matters for a pre-tax amount of $260.9 million.
• Net earnings attributable to shareholders of the Corporation were $0.94 per diluted share for the fourth quarter of fiscal 2026 compared with $0.46 per diluted share for the fourth quarter of fiscal 2025. Adjusted diluted net earnings per share¹ were $0.73, representing an increase of 58.7% from $0.46 for the corresponding quarter of last year.
• Total merchandise and service revenues of $4.5 billion, an increase of 7.7%. Same-store merchandise revenues² increased by 3.4% in the United States, and by 1.1% in Europe and other regions¹, while it decreased by 0.9% in Canada. Consolidated same-store merchandise revenues¹ increased by 2.2%.
• Merchandise and service gross margin¹ increased by 0.5% in the United States to 34.4%, and by 1.0% in Europe and other regions to 39.6%, while it decreased by 0.6% in Canada to 33.5%.
• Same-store road transportation fuel volumes decreased by 2.1% in the United States, and by 4.4% in Europe and other regions, while it increased by 2.0% in Canada.
• Road transportation fuel gross margin¹ of 52.44¢ per gallon in the United States, an increase of 9.17¢ per gallon, US 13.44¢ per liter in Europe and other regions, an increase of US 3.87¢ per liter, and CA 17.28¢ per liter in Canada, an increase of CA 3.23¢ per liter.
• Successful issuance of Euro-denominated senior unsecured notes of €750.0 million ($882.0 million).