12:53 PM EDT, 10/24/2025 (MT Newswires) -- Stifel Canada hosted Alimentation Couche-Tard ( ANCTF ) for investor meetings, focused on merchandising and procurement.

The convenience store industry appears to be recovering following a period of negative same-store sales, which had raised concerns about the effectiveness of Couche-Tard's food program, writes analyst Martin Landry as the company has historically been perceived to underperform in this category.

"However, recent initiatives seem to be gaining traction, and following our meetings, we are more confident in the company's ability to succeed in this area."

Landry also believes Couche-Tard's U.S. merchandise same-store-sales need to get back in the low-to-mid-single digits range, combined with some gasoline margin expansion in the U.S., small tuck-in M&A and healthy share buybacks.

"We believe this combination may be closer than most expect, and therefore, we suggest investors consider adding to their positions on share price weakness."

Couche-Tard is rated Buy, with an $85 price target.

Price: 74.25, Change: +1.45, Percent Change: +1.99