Couche-Tard has reported its Q4 and FY 2020 results for the period ended on April 26, 2020.

Q4 2020

  • Total revenue decreased 26.1% to USD9,687.2 million versus the same period last year.
  • Merchandise and Services revenues decreased 2.6% to USD3,233.4 million and net income increased 96.6% to USD576.3 million.
  • Total road transportation fuel revenues decreased 34.0% to USD6,324.7 million versus the same period last year.

Other Q4 2020 financial highlights include:

USA Q4 2020

  • Merchandise and Services revenue decreased 1.5% to USD2,433.8 million.
  • Fuel revenue decreased 30.9% to USD4,304.1 million.
  • Same-Store merchandise revenue decreased 0.5%.
  • Same-Store road transport fuel volume decreased 18.3%.
  • Merchandise and service gross margin decreased 0.9% to 33.0%.

Europe Q4 2020

  • Merchandise and Service revenue decreased 8.9% to USD312.9 million.
  • Fuel revenue decreased 30.6% to USD1,360.4 million.
  • Same-Store merchandise revenue decreased 6.5%.
  • Same-Store road transport fuel volume decreased 13.4%.
  • Merchandise and services gross margin decreased 1.2% to 40.6%.

Canada Q4 2020

  • Merchandise and Service revenue increased 0.2% to USD486.7 million.
  • Fuel revenue decreased 36.1% to USD660.2 million.
  • Same-Store merchandise revenue increased 4.7%.
  • Same-Store road transport fuel volume decreased 23.5%.
  • Merchandise and service gross margin decreased 1.2% to 31.8%.

FY 2020

  • Total revenue decreased 8.4.0% to USD54,132.4 million.
  • Merchandise and Services revenues increased 1.1% to USD14,666.2 million, and net income increased 28.3% to USD2,353.6 million.
  • Total road transportation fuel revenues decreased 10.6% to USD38,699.3 million versus the same period last year.

USA FY 2020

  • Merchandise and Service revenue increased 1.3% to USD10,918.4 million.
  • Fuel revenue decreased 8.8% to USD25,724.8 million.
  • Same-Store merchandise revenue increased 2.1%.
  • Same-Store road transport fuel volume decreased 3.9%

Europe FY 2020

  • Merchandise and Service revenue decreased 2.8% to USD1,416.3 million.
  • Fuel revenue decreased 10.7% to USD7,481.1 million.
  • Same-Store merchandise revenue increased to 0.1%.
  • Same-Store road transport fuel volume decreased 3.9%.

Canada FY 2020

  • Merchandise and Service revenue increased 6.0% to USD2,302.7 million.
  • Fuel revenue decreased 10.9% to USD4,415.7 million.
  • Same-Store merchandise revenue increased 2.8%.
  • Same-Store road transport fuel volume decreased 6.0%.

As of April 26, 2020, Couche-Tard operated 9,414 convenience stores throughout North America, including 8,221 stores with road transportation fuel dispensing.

Source: Couche-Tard Press Release