Couche-Tard has reported Q4 and FY 2019 results for the period ended on April 28, 2019.

Q4 2019

  • Total revenue decreased 3.7% to USD13,113.3 million versus the same period last year.
  • Merchandise and Services revenues increased 2.4% to USD3,318.6 million, and net income decreased 25% to USD293.1 million.
  • Total road transportation fuel revenues decreased 4.3% to USD9,576.8 million versus the same period last year.

Other Q4 2019 financial highlights include:

USA Q4 2019

  • Merchandise and Services revenue increased 2.8% to USD2,469.9 million.
  • Fuel revenue decreased 3.0% to USD6,227.1 million.
  • Same-Store merchandise revenue increased 3.4%.
  • Same-Store road transport fuel volume increased 0.3%.
  • Merchandise and service gross margin increased 0.3% to 33.9%.

Europe Q4 2019

  • Merchandise and Service revenue decreased 5.0% to USD343.3 million.
  • Fuel revenue decreased 4.3% to USD1,960.1 million.
  • Same-Store merchandise revenue increased 4.7%.
  • Same-Store road transport fuel volume decreased 1.8%.
  • Merchandise and services gross margin decreased 2.2% to 41.8%.

Canada Q4 2019

  • Merchandise and Service revenue increased 7.2% to USD485.8 million.
  • Fuel revenue decreased 10.2% to USD1,033.3 million.
  • Same-Store merchandise revenue increased 4.2%.
  • Same-Store road transport fuel volume decreased 0.4%.
  • Merchandise and service gross margin decreased 1.4% to 33.0%.

FY 2019

  • Total revenue increased 15.0% to USD59,117.6 million.
  • Merchandise and Services revenues increased 11.8% to USD14,505.4 million, and net income increased 9.8% to USD1,833.9 million.
  • Total road transportation fuel revenues increased 16.7% to USD43,301.3 million versus the same period last year.

USA FY 2019

  • Merchandise and Service revenue increased 14.3% to USD10,781.8 million.
  • Fuel revenue increased 20.9% to USD28,195.6 million.
  • Same-Store merchandise revenue increased 4.1%.
  • Same-Store road transport fuel volume increased 0.7%

Europe FY 2019

  • Merchandise and Service revenue increased 3.1% to USD1,457.8 million.
  • Fuel revenue increased 9.1% to USD8,380.7 million.
  • Same-Store merchandise revenue increased to 4.8%.
  • Same-Store road transport fuel volume decreased 0.9%.

Canada FY 2019

  • Merchandise and Service revenue increased 5.8% to USD2,172.7 million.
  • Fuel revenue increased 2.9% to USD4,957.9 million.
  • Same-Store merchandise revenue increased 5.2%.
  • Same-Store road transport fuel volume decreased 1.6%.

As of April 28, 2019, Couche-Tard operated 9,794 Company-operated sites and 1,215 franchised sites. This includes both fuel station sites and convenience store locations.

Source: Couche-Tard Press Release