Alimentation Couche-Tard (ATD) posted a solid Q2, beating estimates on the back of continued momentum in same-store sales growth that management expects can hold through the balance of the year.

As for the excess capital after its failed Seven & i bid, ATD hammered the buyback…

… which should remain a part of its capital allocation plan alongside M&A, with a pipeline of opportunities of all sizes across its geographic footprint.

❝

We are active with files in all three of our large geographies… both smaller and larger files out there today. We’re engaged, and we continue to see quite a bit of deal flow.

Alex Miller (CEO) - ATD Q2’26 call

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.

You might be interested in…