Alimentation Couche-Tard: Still On My Watchlist

  • Alimentation Couche-Tard Inc. is pivoting from fuel to food and tech, aiming to scale loyalty programs and meal deals amid legacy revenue headwinds. The Seven & i acquisition could transform Couche-Tard, but regulatory, cultural, and consumer hurdles make the outcome uncertain and risky. Despite ANCTF's strong cash flow, EV/EBITDA value, and growth in foodservice and EV charging, U.S. traffic and nicotine margins are declining.