Couche-Tard Renews Share-Buyback Program
By Robb M. Stewart
Alimentation Couche-Tard renewed a buyback program for up to 10% of its public float of shares, returning some of what it says is strong cash flow to shareholders.
The Canadian company, parent of the Couche-Tard and Circle K chains of convenience stores and gas stations, said Thursday the Toronto Stock Exchange has approved the program authorizing it to repurchase up to 74.2 million of its shares. The shares can be bought over a 12-month period through July 22, 2027.
Shares of the company, which operates close to 17,300 stores in 27 countries, last closed in Toronto at 88.98 Canadian dollars, up 19% year to date and higher by 30% over the past year.
Under the buyback plan that is set to expire on Wednesday, Couche-Tard had by July 9 repurchased 30.3 million shares through the Toronto Stock Exchange and alternative Canadian trading systems at a total cost of about US$1.59 billion.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
July 16, 2026 08:08 ET (12:08 GMT)
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