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Convenience & Fuel

Circle K

Parent: Alimentation Couche-Tard Inc. · Public

TSX: ATD.TOC$83.60+0.5%close Nov. 9, 2026
Credit rating · Alimentation Couche-TardBBB+ Investment grade
S&P BBB+Moody’s Baa1
AAAAAABBBBBBCCCD
Investment gradeHigh yield

S&P Global, as of Affirmed July 21, 2026 · Outlook stable. Source: Cbonds report of S&P action

Rating shown is for parent Alimentation Couche-Tard, not for Circle K on its own.

Founded1951Source: Wikidata
EmployeesNot verifiedNo verified source
Locations17,220July 19, 2026; source: Couche-Tard first-quarter fiscal 2027 results
HeadquartersLaval, QuebecConvenience & Fuel

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

17,220 as of July 19, 2026
  1. 5,8972022
  2. 5,9282023
  3. 6,0632024
  4. 6,1252025
  5. 17,220Latest

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

  1. Update

    Couche-Tard agreed to buy Polish convenience retailer Żabka for about $8.7 billion. Source: Reuters

Ownership history

  1. 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

AgencyRatingOutlookAs ofSource
S&P GlobalBBB+StableAffirmed July 21, 2026Cbonds report of S&P action
Moody’sBaa1StableAffirmed March 19, 2026Cbonds report of Moody’s action

Bond market context

Issuer bond yieldUnavailable. No free, licensed source for individual bond yields.
BBB index effective yield5.95% (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 Treasury4.88% (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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