Convenience worldwide: Couche-Tard’s strong finish to outstanding year

Major global convenience store operator Alimentation Couche-Tard’s fourth-quarter FY16 results drove adjusted earnings-per-share growth of 62.5 per cent and operating cashflow of US$188.3 million ($247 million).

President and CEO Brian Hannasch says Couche-Tard’s performance in the fourth quarter was a fitting finale to another outstanding fiscal year.

“This quarter we celebrated the expansion of our European network to Ireland and further strengthened our presence in Denmark,” he said. “We have begun to see the landscape change in the US as hundreds of signs bearing our global Circle K brand lit up our stores, welcoming our customers in the south-east and engaging our employees around the world.

“Meanwhile, amid all the excitement, our employees remained relentlessly focused on our customers, growing basket size and delivering nice same-store growth.”

Mr Hannasch says Couche-Tard continues to grow and does not intend to slow down any time soon.

“We don’t just look for strategic opportunities, but we also look at potential acquisitions to see if there’s anything we can learn from them,” he said.

“Fiscal year 2017 will be a year of integrating and learning from Topaz in Ireland and Shell in Denmark. We also very much look forward to completing our acquisition of the Esso-branded Imperial Oil locations in Ontario and Québec, which should be finalised during the first half-year of fiscal 2017.

“As a united global brand, we will be stronger than all our individual brands combined. We will benefit even more from our scale, international presence and expertise, while focusing on our customers. This is the foundation we will build upon.”

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