Couche-Tard Shares Rise After Sidelining M&A in New Outlook

Alimentation Couche-Tard Inc. said it will focus more on organic growth and boosting its merchandise revenues as mergers and acquisitions were kept out of its latest financial outlook, sending the retailer’s stock price to its highest level since 2024.

The owner of the Circle K convenience store and gas station chain narrowed its forecasts during a strategic update on Wednesday in Toronto. The stock closed at C$82.51 in Toronto, up 3.1%.

From the end of fiscal year 2026 to 2030, the company expects a compounded annual growth rate of 6% to 8% in adjusted earnings before interest, taxes, depreciation and ...