Alimentation Couche-Tard Inc. operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands. It is also involved in the sale of lottery tickets, calling and gift cards, postage stamps, and bus tickets; issuance of money orders; and provision of automatic teller machines and car wash services. As of April 24, 2022, it operated and licensed 12,166 convenience stores, which include 9,808 company-operated stores in North America, Europe, and Asia, as well as approximately 1,800 stores operated under the Circle K banner in Cambodia, Egypt, Guam, Guatemala, Honduras, Indonesia, Jamaica, Macau, Mexico, New Zealand, Saudi Arabia, the United Arab Emirates, and Vietnam. The company was formerly known as Actidev Inc. and changed its name to Alimentation Couche-Tard Inc. in December 1994. Alimentation Couche-Tard Inc. was founded in 1980 and is headquartered in Laval, Canada.

Alimentation Couche-Tard Inc.

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Cost of Sales, Excluding Depreciation, Amortization and Impairment

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Loss on Disposal of Aviation Fuel Business

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Negative Goodwill

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Curtailment Gains on Defined Benefits Pension Plan Obligation

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Gain on Disposal of Lubricant Business

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Depreciation, Amortization and Impairment

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Net Earnings Attributable to Shareholders of the Corporation

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Cost of Sales

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Revenue

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Income Statement	LTM	Apr '25	Apr '24	Apr '23	Apr '22	Apr '21	Apr '20	Apr '19	Apr '18	Apr '17	Apr '16
Total Revenues	72,387	72,856.8	69,263.5	71,856.7	62,809.9	45,760.1	54,132.4	59,117.6	51,394.4	37,904.5	34,144.6
Total Revenues %Chg	-0.7%	5.2%	-3.6%	14.4%	37.3%	-15.5%	-8.4%	15%	35.6%	11%	-1.1%
Revenues
Cost of Sales	58,969	59,835.5	57,165.6	59,804.6	51,805.1	35,644.8	44,488.9	49,922.7	43,282.9	31,422.7	28,063.1
Cost of Sales, Excluding Depreciation, Amortization and Impairment
Gross Profit	13,418	13,021.3	12,097.9	12,052.1	11,004.8	10,115.3	9,643.5	9,194.9	8,111.5	6,481.8	6,081.5
Gross Profit Margin	18.5%	17.9%	17.5%	16.8%	17.5%	22.1%	17.8%	15.6%	15.8%	17.1%	17.8%
Selling, General & Administrative Expenses	7,357	7,143.2	6,525.2	6,361.8	5,884.5	5,148.6	5,227.3	5,646.1	5,124.8	4,100.5	3,836.5
Operating, Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	2,258.9	2,105.4	1,760.1	1,525.9	1,545.7	1,358.9	1,336.8	1,070.7	910.6	667.6	633.1
Depreciation, Amortization and Impairment
Other Operating Expenses	—	—	—	—	—	—	—	10.5	56.9	8.1	—
Restructuring and Integration Costs
Loss on Disposal of Aviation Fuel Business
Operating Profit	3,802.1	3,772.7	3,812.6	4,164.4	3,574.6	3,607.8	3,079.4	2,467.6	2,019.2	1,705.6	1,611.9
Operating Margin	5.3%	5.2%	5.5%	5.8%	5.7%	7.9%	5.7%	4.2%	3.9%	4.5%	4.7%
Interest and Investment Income	27.2	28.5	25.8	3.8	20.1	26	49.7	36.7	40.9	36.8	36.9
Share of Earnings of Joint Ventures
Financial Revenues
Interest Expense	-710.5	-690.8	-574.7	-384.2	-325.8	-357	-342.2	-338.7	-295.8	-132.8	-109.9
Financial Expenses
Non-Operating Income	228.7	211.7	184.4	145.1	148.7	82.3	116.6	26.6	-30.7	-17.5	50.8
Negative Goodwill
Gain on Disposal of Property and Equipment and Other Assets
Curtailment Gains on Defined Benefits Pension Plan Obligation
Gain on Disposal of Lubricant Business
Foreign Exchange Loss from Currency Conversion
Loss on Foreign Exchange Forward Contracts
Loss on Foreign Exchange Forward Contracts
Other Financial Items
Foreign Exchange Gain
Total Non-Operating Income	-454.6	-450.6	-364.5	-235.3	-157	-248.7	-175.9	-275.4	-285.6	-113.5	-22.2
Income Before Provision for Income Taxes	3,347.5	3,322.1	3,448.1	3,929.1	3,417.6	3,359.1	2,903.5	2,192.2	1,733.6	1,592.1	1,589.7
Earnings Before Income Taxes
Provision for Income Taxes	730.8	729.7	715.9	838.2	734.3	653.6	545.9	370.9	56.1	383.2	398.3
Income Taxes
Consolidated Net Income	2,616.7	2,592.4	2,732.2	3,090.9	2,683.3	2,705.5	2,357.6	1,821.3	1,677.5	1,208.9	1,191.4
Net Earnings
Net Income Attributable to Minority Interests and Other	12.8	12	2.5	—	—	—	4	-12.6	6.9	—	-0.2
Less: Net Earnings Attributable to Non-Controlling Interests
Net Income Attributable to Common Shareholders	2,603.9	2,580.4	2,729.7	3,090.9	2,683.3	2,705.5	2,353.6	1,833.9	1,670.6	1,208.9	1,191.4
Net Earnings
Basic EPS	2.8	2.7	2.8	3.1	2.5	2.5	2.1	1.6	1.5	1.1	1.1
Diluted EPS	2.8	2.7	2.8	3.1	2.5	2.4	2.1	1.6	1.5	1.1	1
Basic Weighted Average Shares Outstanding	946.2	950.1	966.7	1,007.7	1,062	1,105.3	1,123.3	1,128.6	1,132.2	1,135.7	1,134.9
Total Shares Outstanding	931.9	948.1	957.1	981.3	1,032.9	1,079.6	1,112.7	1,128.8	1,128.4	1,136.9	1,135.2
Diluted Weighted Average Shares Outstanding	946.6	950.6	968.2	1,009.5	1,063.5	1,106.7	1,124.5	1,130.1	1,133.8	1,138.6	1,138.4
EBITDA	3,802.1	3,772.7	3,812.6	5,697.9	3,574.6	3,607.8	3,079.4	2,467.6	2,902.2	2,360.5	1,611.9
Effective Tax Rate	21.8%	22%	20.8%	21.3%	21.5%	19.5%	18.8%	16.9%	3.2%	24.1%	25.1%