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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.


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 46% 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 9,000 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, Russia 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.

United States generates approximately 70% of company's revenue. Europe is almost 20% and the remainder comprised of Canada's revenue.

Sales and Marketing

The company launched its Easy Pay loyalty program in all U.S markets, providing everyday fuel discounts to its most loyal customer. Couche-Tard recognizes sales of merchandise and goods to certain independent operators and franchisees made from the company's distribution centers and sales of road transportation fuel upon delivery to its customers.

Financial Performance

The company's revenue decreased by $5.0 billion to $54.2 billion, due to the decrease on their road transportation fuel revenues and other revenues. The decrease was primarily due to the decrease on their operations at U.S. and Europe.

Net earnings amounted to $2.4 billion for fiscal 2020, compared with $1.8 billion for fiscal 2019. The results for fiscal 2020 were affected by a pre-tax net gain of $61.5 million on the disposal of their interests in CrossAmerica Partners LP, a pre-tax net gain of $41.0 million on the disposal of a portion of their U.S. wholesale fuel business as part of an asset exchange with CAPL, a positive impact on income tax of $33.6 million from an adjustment to deferred tax assets, pre-tax foreign exchange gain of $33.5 million, acquisition costs of $6.7 million, pre-tax restructuring costs of $4.5 million and an income tax expense of $2.7 million following the asset exchange transactions with CAPL.

Cash held by the company at the end of 2020 increased by $2.9 billion to $3.6 billion compared to $706.4 million in the prior year. Cash provided by operations and financing activities were $3.7 billion and $480.7 million, respectively. Cash used for investing activities was $1.2 billion primarily for purchase of property and equipment, intangible assets and other assets.


Couche- Tard's five-year strategy to double again requires that they grow market share in the U.S. and expand to new growth markets and industries. Maintaining financial discipline allows them to take advantage of opportunities as they arise.

Coming into fiscal 2020, the company accelerated the pace of new store construction, after a significant effort to develop their project pipelines. Couche- Tard had good momentum with the new builds until the pandemic triggered a pause in many of these projects. The company also introduced new design for their North American sites that mirrors the Holiday stores format and improves the customer journey.

The company continued to roll out their new store concept in Europe, which is now at more than 300 sites with enhanced food, fuel, charging, WIFI, washrooms, and parking. These stores provide a welcoming ambiance and comfortable seating area, high-quality food displayed in an attractive way and improved merchandising in the rest of the store. Couche- Tard instituted learning from their initial pilots, which led to improved profitability.

Mergers and Acquisitions

In early 2020, Couche-Tard acquired 17 stores from a franchise operator. These convenience stores operate under the Holiday banner in South Dakota and Minnesota, within the United States.

Couche-Tard also acquired 13 company operated stores through distinct transactions. The company owns the land and building for the remaining 6 sites.

In early 2019, company acquired six company-operated stores and two commission operated retail sites through distinct transactions. The company owns the land and building for three sites and leases the land and the building for the remaining three sites. It was settled for a total cash consideration of $13.1.

Circle K Stores Inc.

1130 W Warner Rd Bldg B
Tempe, AZ 85284-2816
Phone: 1 (602) 728-8000

Firm Stats

Employer Type: Privately Owned
Vice President Shared Services North America: Kathy Cunnington
Project Manager, Marketing: Adam Ekiss
Chief Human Resource Officer: Ina Strand
Employees (This Location): 500
Employees (All Locations): 29,155

Major Office Locations

Tempe, 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
Gonzales, AZ
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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Fresno, CA
Fullerton, CA
Garden Grove, CA
Glendale, CA
Hanford, CA
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Laguna Beach, CA
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Palm Desert, CA
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Redlands, CA
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Aurora, CO
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Highlands Ranch, CO
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Westminster, CO
New Haven, CT
Alachua, FL
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Apopka, FL
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Astatula, FL
Astor, FL
Barberville, FL
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Cape Canaveral, FL
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Chattahoochee, FL
Christmas, FL
Citra, FL
Clearwater, FL
Clermont, FL
Cocoa, FL
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Crystal River, FL
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Davenport, FL
Daytona Beach, FL
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Edgewater, FL
Ellenton, FL
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Fort Mc Coy, FL
Fort Myers, FL
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Fruitland Park, FL
Gainesville, FL
Gibsonton, FL
Green Cove Springs, FL
Hastings, FL
Havana, FL
Hawthorne, FL
Hernando, FL
High Springs, FL
Hilliard, FL
Hollywood, FL
Homestead, FL
Immokalee, FL
Indiantown, FL
Inglis, FL
Interlachen, FL
Inverness, FL
Jacksonville, FL
Jacksonville Beach, FL
Jupiter, FL
Key Largo, FL
Keystone Heights, FL
Key West, FL
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Labelle, FL
La Crosse, FL
Lady Lake, FL
Lake Butler, FL
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Lake Helen, FL
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Lake Mary, FL
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Land O Lakes, FL
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Lowell, FL
Macclenny, FL
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Melbourne, FL
Melrose, FL
Merritt Island, FL
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Mount Dora, FL
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Newberry, FL
New Port Richey, FL
New Smyrna Beach, FL
Niceville, FL
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Oakland, FL
Ocala, FL
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Okeechobee, FL
Oldsmar, FL
Orange City, FL
Orange Park, FL
Orange Springs, FL
Orlando, FL
Ormond Beach, FL
Osteen, FL
Palatka, FL
Palm Bay, FL
Palm Coast, FL
Palmetto, FL
Palm Harbor, FL
Panama City, FL
Pensacola, FL
Pierson, FL
Pinellas Park, FL
Plant City, FL
Pomona Park, FL
Pompano Beach, FL
Ponte Vedra Beach, FL
Port Charlotte, FL
Port Orange, FL
Port Richey, FL
Port Saint Lucie, FL
Punta Gorda, FL
Quincy, FL
Reddick, FL
Riverview, FL
Rockledge, FL
Ruskin, FL
Saint Augustine, FL
Saint Cloud, FL
Saint Petersburg, FL
Sanford, FL
San Mateo, FL
Sarasota, FL
Satellite Beach, FL
Satsuma, FL
Sebring, FL
Seffner, FL
Seminole, FL
Silver Springs, FL
Sorrento, FL
South Daytona, FL
Sparr, FL
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
Carrboro, NC
Carthage, NC
Cary, NC
Castle Hayne, NC
Chapel Hill, NC
Charlotte, NC
China Grove, NC
Claremont, NC
Clayton, NC
Clemmons, NC
Concord, NC
Conover, NC
Dobson, NC
Dunn, NC
Durham, NC
Eastover, NC
Elon College, NC
Fayetteville, NC
Garner, NC
Gastonia, NC
Goldsboro, NC
Greensboro, NC
Greenville, NC
Grifton, NC
Hamlet, NC
Harrisburg, NC
Havelock, NC
Hickory, NC
High Point, NC
Hillsborough, NC
Hope Mills, NC
Indian Trail, NC
Jacksonville, NC
Kenly, NC
Kernersville, NC
Kill Devil Hills, NC
King, NC
Kinston, NC
Laurinburg, NC
Lexington, NC
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Maiden, NC
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New Bern, NC
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Ocean Isle Beach, NC
Pembroke, NC
Pinehurst, NC
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Raeford, NC
Raleigh, NC
Rockwell, NC
Rocky Mount, NC
Rural Hall, NC
Salisbury, NC
Sanford, NC
Shallotte, NC
Siler City, NC
Smithfield, NC
Southern Pines, NC
Southport, NC
Spencer, NC
Spindale, NC
Spring Lake, NC
Statesville, NC
Stoneville, NC
Tar Heel, NC
Thomasville, NC
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Warsaw, NC
West End, NC
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Wilmington, NC
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Winterville, NC
Barrington, NH
Hopelawn, NJ
Albuquerque, NM
Belen, NM
Las Cruces, NM
Roswell, NM
Henderson, NV
Las Vegas, NV
New York, NY
Bedford, OH
Columbus, OH
Dayton, OH
Hamilton, OH
Jefferson, OH
Uhrichsville, OH
Windham, OH
Bartlesville, OK
Edmond, OK
Norman, OK
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Eugene, OR
Hillsboro, OR
Klamath Falls, OR
Mcminnville, OR
Mill City, OR
Milton Freewater, OR
Salem, OR
Stayton, OR
Sweet Home, OR
North Wales, PA
Uniontown, PA
Washington, PA
Aiken, SC
Beaufort, SC
Belvedere, SC
Bluffton, SC
Bonneau, SC
Camden, SC
Campobello, SC
Chapin, SC
Charleston, SC
Chester, SC
Clemson, SC
Clover, SC
Columbia, SC
Conway, SC
Daniel Island, SC
Darlington, SC
Duncan, SC
Elgin, SC
Florence, SC
Folly Beach, SC
Fort Mill, SC
Gaffney, SC
Georgetown, SC
Goose Creek, SC
Greenville, SC
Greenwood, SC
Greer, SC
Hardeeville, SC
Hilton Head Island, SC
Inman, SC
Irmo, SC
Isle Of Palms, SC
Jamestown, SC
Johns Island, SC
Johnsonville, SC
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Latta, SC
Lexington, SC
Little River, SC
Lugoff, SC
Marion, SC
Mc Clellanville, SC
Moncks Corner, SC
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Mount Pleasant, SC
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