Couche-Tard shares soar after sidelining M&A


The owner of the Circle K convenience store and gas station chain narrowed its forecasts during a strategic update. — Bloomberg

TORONTO: Alimentation Couche-Tard Inc says it will focus more on organic growth and boosting its merchandise revenues, as mergers and acquisitions (M&A) 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%.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system
Infraharta Holdings wins RM11.4mil construction job

Others Also Read