

Circle K
Parent: Alimentation Couche-Tard Inc. · Public
S&P Global, as of Affirmed July 21, 2026 · Outlook stable. Source: Cbonds report of S&P action
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Parent Couche-Tard agreed to buy Polish convenience retailer Zabka for about $8.7 billion.
Source: Reuters
Circle K is the global convenience and fuel brand of Alimentation Couche-Tard, which operates company and dealer sites in North America, Europe and Asia.
Store count
U.S. franchised and company-owned outlets covered by the Circle K FDD (fiscal years ending in April). Counts as reported at each period end. Sources: Circle K 2025 FDD Item 20 (total outlets, fiscal years), via FDD Ninja; Couche-Tard first-quarter fiscal 2027 results.
What’s changing
Couche-Tard agreed to buy Polish convenience retailer Żabka for about $8.7 billion. Source: Reuters
Ownership history
- 2003
Acquired by Alimentation Couche-Tard Source: Wikipedia: Circle K
SEC Filings
No SEC annual reports. Alimentation Couche-Tard files in Canada (SEDAR+), not with the SEC.
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| S&P Global | BBB+ | Stable | Affirmed July 21, 2026 | Cbonds report of S&P action |
| Moody’s | Baa1 | Stable | Affirmed March 19, 2026 | Cbonds report of Moody’s action |
Bond market context
| Issuer bond yield | Unavailable. No free, licensed source for individual bond yields. |
|---|---|
| BBB index effective yield | 5.95% (Nov. 6, 2026; ICE BofA BBB US Corporate Index) |
| BBB index spread (OAS) | 116 bps over Treasuries; 104 bps a year earlier (FRED) |
| 10-year Treasury | 4.88% (Nov. 9, 2026) |
The index row shows the yield on BBB-rated U.S. corporate bonds as a group, the closest free benchmark for this rating category. It is not the yield on this company’s own bonds.
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
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