Couche-Tard resumes buyback of up to 77.1 million shares after withdrawing Seven & i bid
Alimentation Couche-Tard withdrew its Seven & i bid and resumed a buyback program (up to 77.1m shares), reducing deal-risk overhang and refocusing attention on core operations. Results showed strong FY2026 Q4 adjusted EPS growth and continued store expansion, positioning the business defensively amid Canada's inflation pressures and weakening core retail sales. Near-term market impact is mainly idiosyncratic to AT rather than broad risk sentiment.
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Alimentation Couche-Tard (TSX:ATD) has withdrawn its acquisition proposal for Seven & i Holdings and then restarted a share repurchase program for up to 77.1 million shares. In fiscal 2026’s fourth quarter, the company reported adjusted diluted EPS of US$0.73, up 58.7% year over year. It added 130 stores over the full year and had another 34 under construction, supported by demand for essentials such as fuel and convenience purchases amid persistent inflation in Canada.