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About Circle K Stores Inc.

Alimentation Couche-Tard is the name of the company, but you might know it through its brands like Circle K and Corner Store in the US and Statoil in Europe. The company is the second-largest convenience store operator in North America (behind 7-Eleven Inc.) and the leader in Canada, where it operates under Couche-Tard banner. While most of its sales are rung up in the US, it operates in Europe, as well as about 15 countries in other parts of the world through license agreements. Most of the company’s revenue comes from sales of fuel (it pumps about 14 billion gallons a year). Alimentation Couche-Tard, which is French for "food for those who go to bed late," has expanded through acquisitions around the world.

Operations

In Couche-Tard's global operations, Circle K, Statoil, Couche-Tard, and Mac's have been its key brands. Fuel accounts for about three-quarters of the company’s revenue with merchandise and services supplying about a quarter of sales. The company also operates commercial fuel

The company’s reliance on fuel makes it sensitive to fuel prices that can fluctuate wildly. While accounting for some 72% of sales, fuel supplies 42% of gross profit.

Tobacco products account for nearly 40% of the merchandise and service revenue. Couche-Tard also sells brands of cigarettes made for the company, which could expose it to legal action.

Geographic Reach

Couche-Tard operates and licenses about 16,000 global sites with more than 10,000 convenience stores in North America, more than 2,700 in Europe, and 2,000 around the world. The company has operations throughout the US (not including Hawaii and Alaska), in Scandinavia, the Baltic states, Ireland, and Poland. In Scandinavia, Couche-Tard operates automated, fuel-only sites under the Ingo brand. The company classifies as international operations its licensed stores in Asia, Indonesia, Central America, and the Middle East.

Financial Performance

Couche-Tard’s revenue fell in 2015 and 2016 after reaching a company high of $37.9 billion in 2014. Sales rose back to $37.9 billion in 2017 before jumping to $51.4 billion in 2018. The company’s fiscal year ends in April.

The 35% increase in 2018 from 2017 came from the acquisitions of CST (some 2,000 locations) and Holiday (about 520 stores), as well as organic growth.

Couche-Tard posted $1.7 billion in net income compared to $1.2 billion the year before, aided by a tax benefit from the US Tax Cuts and Jobs Act and higher fuel margins.

The company’s cash coffers held about $666 million in 2018, about $29 million more than its 2017 total. Operations generated about $2.1 billion, investing activities used $5.4 billion, and financing activities provided $3.3 billion.

Strategy

Acquisitions are a big part of Couche-Tard's growth strategy. In 2017, the company bought CST, operator of the Corner Store convenience chain, and the Holiday Stationstores chain. The CST deal expanded Couche-Tard’s operations in the southwest US, particularly Texas, where there are about 600 stores. The purchase of Holiday plugged Couche-Tard’s gaps in the upper Midwest and included some 200 stores in the Minneapolis area. Couche-Tard gained access to about 1,300 locations in the US through a deal of CrossAmerica Partners LP (CALP), a fuel supplier.

In 2016 and 2017, Couche-Tard acquired sites in Estonia and Ireland, augmenting its European operations. Couche-Tard gained access to about 1,300 locations in the US through a deal of CrossAmerica Partners LP (CALP), a fuel supplier.

Couche-Tard has accumulated brands across the landscape, but is moving to unite them under the Circle K name. Since 2016, the company has rebranded some 3,350 stores in North America and about 1,650 in Europe under the Circle K banner. The company even rebranded Statoil, a name with a 65-year history in Scandinavia and the Baltics. It will keep the Couche-Tard brand in Quebec and Ingo name in Sweden and Denmark.

Mergers and Acquisitions

In 2017, Couche-Tard expanded in the US with the acquisitions of  bought CST, operator of the Corner Store convenience chain, and the Holiday Stationstores chain. The CST deal expanded Couche-Tard’s operations in the southwest US, including 600 stores in Texas. The purchase of Holiday plugged Couche-Tard’s gaps in the upper Midwest and included some 200 stores in the Minneapolis area. Couche-Tard also gained access to about 1,300 locations in the US through a deal for CrossAmerica Partners LP (CALP), a fuel supplier.

Circle K Stores Inc.

2250 E RIVERVIEW DR
Phoenix, AZ 85034-6860
Phone: 1 (602) 728-8000

Firm Stats

Employer Type: Privately Owned
Assistant Manager In Training: Melissa Grossi
Manager: Russ Kidd
District Manager: Randy Tiburzio
Employees (This Location): 500
Employees (All Locations): 29,155

Major Office Locations

Phoenix, AZ

Other Locations

Alabaster, AL
Andalusia, AL
Anniston, AL
Auburn, AL
Bessemer, AL
Birmingham, AL
Childersburg, AL
Columbiana, AL
Cottondale, AL
Daphne, AL
Decatur, AL
Dothan, AL
Enterprise, AL
Florence, AL
Gadsden, AL
Graysville, AL
Helena, AL
Homewood, AL
Hoover, AL
Huntsville, AL
Irondale, AL
Jasper, AL
Knoxville, AL
Lafayette, AL
Lanett, AL
Mobile, AL
Montgomery, AL
Northport, AL
Opelika, AL
Oxford, AL
Ozark, AL
Pelham, AL
Phenix City, AL
Pinson, AL
Prattville, AL
Prichard, AL
Roanoke, AL
Saraland, AL
Scottsboro, AL
Sheffield, AL
Theodore, AL
Troy, AL
Tuscaloosa, AL
Valley, AL
Vestavia, AL
Vestavia Hills, AL
Ajo, AZ
Anthem, AZ
Apache Junction, AZ
Avondale, AZ
Benson, AZ
Buckeye, AZ
Bullhead City, AZ
Camp Verde, AZ
Casa Grande, AZ
Cave Creek, AZ
Chandler, AZ
Charlotte, AZ
Claypool, AZ
Clifton, AZ
Colorado Springs, AZ
Coolidge, AZ
Cottonwood, AZ
Eloy, AZ
Flagstaff, AZ
Fountain Hills, AZ
Gilbert, AZ
Glendale, AZ
Globe, AZ
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Green Valley, AZ
Holbrook, AZ
Kingman, AZ
Lake Havasu City, AZ
Mammoth, AZ
Mesa, AZ
Nogales, AZ
Parker, AZ
Payson, AZ
Peoria, AZ
Phoenix, AZ
Prescott, AZ
Prescott Valley, AZ
Queen Creek, AZ
Safford, AZ
Scottsdale, AZ
Sedona, AZ
Show Low, AZ
Sierra Vista, AZ
Snowflake, AZ
Stanfield, AZ
Sun City, AZ
Surprise, AZ
Tempe, AZ
Tolleson, AZ
Tucson, AZ
Wellton, AZ
Wickenburg, AZ
Willcox, AZ
Williams, AZ
Winslow, AZ
Youngtown, AZ
Yuma, AZ
Agoura Hills, CA
Aliso Viejo, CA
Alpine, CA
Alta Loma, CA
Anaheim, CA
Atascadero, CA
Bakersfield, CA
Bell, CA
Bellflower, CA
Bloomington, CA
Carmichael, CA
Cathedral City, CA
City Of Industry, CA
Corona, CA
Costa Mesa, CA
Cotati, CA
Dana Point, CA
Davis, CA
Dos Palos, CA
Dublin, CA
El Centro, CA
Elk Grove, CA
El Segundo, CA
Encino, CA
Escondido, CA
Fallbrook, CA
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Quincy, FL
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Ruskin, FL
Saint Augustine, FL
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Saint Petersburg, FL
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San Mateo, FL
Sarasota, FL
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Seffner, FL
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Spring Hill, FL
Starke, FL
Stuart, FL
Summerfield, FL
Tallahassee, FL
Tampa, FL
Tavares, FL
Tavernier, FL
Temple Terrace, FL
The Villages, FL
Thonotosassa, FL
Titusville, FL
Treasure Island, FL
Trenton, FL
Umatilla, FL
Venice, FL
Wauchula, FL
Weirsdale, FL
Welaka, FL
Wildwood, FL
Williston, FL
Wimauma, FL
Winter Garden, FL
Yulee, FL
Zellwood, FL
Zephyrhills, FL
Zolfo Springs, FL
Acworth, GA
Alto, GA
Athens, GA
Atlanta, GA
Augusta, GA
Bainbridge, GA
Bethlehem, GA
Brunswick, GA
Byron, GA
Calhoun, GA
Camilla, GA
Carrollton, GA
Cartersville, GA
Chatsworth, GA
Chickamauga, GA
Clarkesville, GA
Cleveland, GA
Cohutta, GA
Columbus, GA
Comer, GA
Dalton, GA
Dawson, GA
Dawsonville, GA
Elberton, GA
Evans, GA
Fairburn, GA
Flintstone, GA
Forsyth, GA
Fort Oglethorpe, GA
Gainesville, GA
Griffin, GA
Grovetown, GA
Hampton, GA
Helen, GA
Hephzibah, GA
La Fayette, GA
Lagrange, GA
Lindale, GA
Locust Grove, GA
Macon, GA
Manchester, GA
Marietta, GA
Martinez, GA
Mcdonough, GA
Norcross, GA
Ringgold, GA
Rome, GA
Rossville, GA
Savannah, GA
Sugar Hill, GA
Summerville, GA
Thomasville, GA
Trenton, GA
Warner Robins, GA
West Point, GA
Ashton, ID
Boise, ID
Caldwell, ID
Nampa, ID
Pocatello, ID
Casey, IL
Boonville, IN
Columbus, IN
Evansville, IN
Indianapolis, IN
Petersburg, IN
Princeton, IN
Winslow, IN
Andover, KS
Cimarron, KS
Derby, KS
Dodge City, KS
Garden City, KS
Great Bend, KS
Hugoton, KS
Jetmore, KS
Lakin, KS
Lawrence, KS
Leoti, KS
Liberal, KS
Montezuma, KS
Olathe, KS
Scott City, KS
Shawnee Mission, KS
Sublette, KS
Cadiz, KY
Drakesboro, KY
Earlington, KY
Henderson, KY
Hopkinsville, KY
Louisville, KY
Madisonville, KY
Nortonville, KY
Owensboro, KY
Philpot, KY
Russellville, KY
Salem, KY
Sebree, KY
Alexandria, LA
Bastrop, LA
Baton Rouge, LA
Belle Chasse, LA
Bossier City, LA
Covington, LA
Destrehan, LA
Gonzales, LA
Gretna, LA
Hammond, LA
Harvey, LA
Haughton, LA
Keithville, LA
Kenner, LA
Kentwood, LA
Lafayette, LA
Leesville, LA
Mandeville, LA
Metairie, LA
Monroe, LA
Morgan City, LA
New Iberia, LA
Oakdale, LA
Pineville, LA
Ponchatoula, LA
Shreveport, LA
Slidell, LA
Sulphur, LA
Tallulah, LA
Thibodaux, LA
Westlake, LA
West Monroe, LA
Westwego, LA
Baltimore, MD
Biddeford, ME
Fort Kent, ME
Manchester, ME
Topsham, ME
Hartland, MI
Chesterfield, MO
Kansas City, MO
Lees Summit, MO
O Fallon, MO
Saint Ann, MO
Saint Charles, MO
Batesville, MS
Beaumont, MS
Biloxi, MS
Brandon, MS
Brooklyn, MS
Canton, MS
Clarksdale, MS
Clinton, MS
Collins, MS
Columbia, MS
Corinth, MS
Diberville, MS
Florence, MS
Flowood, MS
Gautier, MS
Grenada, MS
Gulfport, MS
Hattiesburg, MS
Jackson, MS
Laurel, MS
Madison, MS
Magee, MS
Meridian, MS
Moss Point, MS
New Albany, MS
New Augusta, MS
Ocean Springs, MS
Olive Branch, MS
Oxford, MS
Pearl, MS
Pontotoc, MS
Poplarville, MS
Ridgeland, MS
Robinsonville, MS
Sandersville, MS
Senatobia, MS
Vicksburg, MS
Wiggins, MS
Aberdeen, NC
Angier, NC
Apex, NC
Archdale, NC
Atlantic Beach, NC
Banner Elk, NC
Battleboro, NC
Beaufort, NC
Boiling Springs, NC
Boone, NC
Broadway, NC
Burlington, NC
Cape Carteret, NC
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Castle Hayne, NC
Chapel Hill, NC
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China Grove, NC
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Clemmons, NC
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Elon College, NC
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Elgin, SC
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Hilton Head Island, SC
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