Couche-Tard Posts Double-Digit U.S. Same-Store Growth in Other Nicotine Products, Led by Pouches

Sep.14
Couche-Tard Posts Double-Digit U.S. Same-Store Growth in Other Nicotine Products, Led by Pouches
Alimentation Couche-Tard said U.S. same-store sales in its “other nicotine products” category grew at a double-digit rate in the first quarter of fiscal 2027, led by nicotine pouches, while overall U.S. same-store merchandise revenues increased 1.7%. The company also said its Canadian nicotine business continued to face regulatory pressure and illicit-market headwinds. The U.S. performance coincides with Couche-Tard's participation in efforts to reopen Canadian convenience-store access to authorized nicotine pouches, though the company has not established a direct causal link between the two.

Key Points

  • Couche-Tard reported double-digit U.S. same-store sales growth in “other nicotine products,” with nicotine pouches identified as the main driver.
  • Overall U.S. same-store merchandise revenues rose 1.7%, marking a fifth consecutive quarter of positive growth.
  • The company said its Canadian nicotine business continued to face regulatory and illicit-market pressure, contrasting with U.S. performance.
  • Couche-Tard is also involved in efforts to reassess Canada's pharmacy-focused nicotine pouch sales restrictions, although no direct link has been established between U.S. sales growth and its Canadian policy position.

2Firsts

September 13, 2026

According to CSP Daily News and Alimentation Couche-Tard's fiscal 2027 first-quarter results, the company's U.S. “other nicotine products” category delivered double-digit same-store sales growth, with nicotine pouches among the main drivers.

President and CEO Alex Miller said during the earnings call that the category posted one of its strongest quarters in recent years, led by pouches and significantly outperforming the broader market.

Couche-Tard operates convenience-store networks including Circle K.

Pouches Lead Growth in Other Nicotine Products

For the fiscal first quarter ended July 19, 2026, Couche-Tard reported a 1.7% increase in U.S. same-store merchandise revenues, extending positive growth to a fifth consecutive quarter.

The company identified food, energy drinks and other nicotine products as important contributors to U.S. merchandise momentum.

Within nicotine, the “other nicotine products” category posted double-digit same-store sales growth, which management said was led by pouches.

That disclosure should not be read as a statement that nicotine pouch unit volumes or standalone pouch sales rose by more than 10%. Couche-Tard reported growth for the broader other-nicotine category and did not disclose a separate pouch growth rate.

Net earnings attributable to shareholders were $828.5 million for the quarter, up from $782.5 million a year earlier.

Modern Oral Nicotine Gains Importance in Convenience Retail

The pouch-led growth at Couche-Tard is consistent with a broader shift in the U.S. convenience channel toward modern oral nicotine.

The company has highlighted non-combustible nicotine products in previous earnings discussions, and in some operating units has said gross profit from other nicotine products has surpassed that generated by cigarettes.

Other U.S. convenience retailers have also reported strong nicotine pouch growth, supporting the view that the category has become one of the faster-growing segments within tobacco and nicotine retail.

Couche-Tard also reported continued improvement in U.S. cigarette same-store sales during the quarter, but growth in other nicotine products remained substantially stronger.

Canadian Nicotine Business Faces Regulatory Pressure

Couche-Tard reported a different operating environment in Canada.

During the same earnings call, Miller said Canadian same-store sales were roughly flat and that nicotine performance continued to face pressure from regulation and the illicit market.

Canada tightened sales rules for emerging nicotine replacement therapy products, including nicotine pouches, in 2024.

Under the current federal framework, authorized nicotine pouches are largely restricted to behind-the-counter pharmacy sales, limiting access through convenience stores and other general retail outlets.

That creates a different channel environment from the United States, where nicotine pouches are widely available through convenience retail networks.

There is not enough evidence to conclude that those regulatory differences directly explain Couche-Tard's divergent U.S. and Canadian performance.

Couche-Tard Also Pushes for Canadian Retail Reassessment

Couche-Tard has also participated in the debate over Canadian nicotine pouch retail policy.

Federal lobbying records show company representatives have engaged Canadian officials on the issue, while Alberta and Ontario have also pressed Ottawa to reconsider the pharmacy-focused restrictions introduced in 2024.

The federal government is reportedly open to changing the rules, although no decision has been made and existing restrictions remain in effect.

If authorized nicotine pouches are eventually allowed back into convenience stores, Couche-Tard would be among the major retailers with an established nationwide network capable of carrying the category.

There is no public evidence, however, that the company's U.S. pouch growth directly drove its Canadian lobbying position. The two developments instead provide a view of how the same retailer is navigating nicotine categories under different regulatory and channel structures.

U.S. and Canadian Markets Show Different Channel Conditions

Couche-Tard's latest quarterly results add another retailer-level indicator that nicotine pouches are becoming a meaningful growth category in U.S. convenience stores.

Canada, meanwhile, is debating whether authorized nicotine pouches should remain largely confined to pharmacies or regain access to convenience retail.

For major convenience operators, that distinction affects product availability, shelf strategy and the growth potential of the nicotine category.

Couche-Tard's double-digit U.S. growth offers one example of the commercial value pouches can generate within convenience retail, while Canada's pending policy debate could determine whether the category regains access to the country's broader convenience-store network.

Follow 2Firsts for timely updates on global tobacco and nicotine industry developments, corporate strategy and market trends.

Cover Image: CSP Daily News


Disclaimer

This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.

Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.

The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.

This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.

 

Copyright Notice

This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.

No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.

For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.

 

AI-Assisted Translation and Editing Notice

Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.

Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.

BAT Expands ITC Infotech Partnership Across Poland, Romania and India to Advance AI
BAT Expands ITC Infotech Partnership Across Poland, Romania and India to Advance AI
ITC Infotech has expanded its multi-year strategic technology partnership with British American Tobacco (BAT), providing technology services across Poland, Romania and India while continuing to support BAT's newly launched Future Capabilities Centre in India and existing technology hubs in Malaysia and Mexico. The companies said the agreement will focus on AI-enabled innovation, technology capability building and greater operational efficiency. The partnership also aligns with BAT's broader Fit2Win transformation programme, under which the group is expanding the use of external technology and business-services partners to simplify its global operating model.
Aug.13
HG Innovation, linked to IMiracle and ELFBAR, wins China patent for 6-methylnicotine salts covering vaping and oral products
HG Innovation, linked to IMiracle and ELFBAR, wins China patent for 6-methylnicotine salts covering vaping and oral products
HG Innovation Limited has been granted a Chinese invention patent covering 6-methylnicotine salt formulations and their use in oral and vaping products. The technology forms salts between 6-methylnicotine and alicyclic carboxylic acids, with granted claims extending to oral products, atomization substrates and electronic atomization devices. Applicant-generated tests reported differences in oxidation stability, in-vitro cytotoxicity and aerosol heavy-metal performance compared with selected benzoate or lactate controls. HG Innovation is directly linked to the broader IMiracle and ELFBAR business network.
Sep.04
Product | JTI Expands Ploom Ecosystem as LYO Tobacco-Free Nicotine Sticks Roll Out Across Europe
Product | JTI Expands Ploom Ecosystem as LYO Tobacco-Free Nicotine Sticks Roll Out Across Europe
Japan Tobacco International (JTI) is expanding its Ploom heated product ecosystem with LYO tobacco-free nicotine sticks. Designed specifically for Ploom devices, LYO contains nicotine but no tobacco. Public information shows that the product has gradually entered several European markets, including Spain, Portugal and Germany, and was officially introduced in Romania in July 2026. The launch highlights JTI’s efforts to explore broader nicotine consumable formats beyond traditional tobacco-based sticks.
JTI
Jul.21 by 2Firsts Perspectives
AIR Invests $20 Million in Greentank, Deepening Capital Ties Across the Vape Supply Chain
AIR Invests $20 Million in Greentank, Deepening Capital Ties Across the Vape Supply Chain
Nasdaq-listed AIR Global has invested $20 million in preferred shares of Canadian vaporization technology company Greentank, deepening a partnership established in 2023. AIR gains a board nomination right, access to new technologies, enhanced commercial terms and long-term supply assurances, while retaining an option to increase its stake. Greentank’s Quantum Chip platform powers Crown Switch and forms part of AIR’s planned U.S. PMTA dossier, linking capital investment more closely with product technology, regulatory evidence and supply-chain control.
Special Report
Jul.29
Smoore Wins Three Heated Device Supply Lots in China Tobacco Jiangsu’s Overseas Market Project Covering Japan, South Korea and Southeast Asia
Smoore Wins Three Heated Device Supply Lots in China Tobacco Jiangsu’s Overseas Market Project Covering Japan, South Korea and Southeast Asia
China Tobacco Jiangsu Industrial Co., Ltd. (JSIC) has completed its 2026-2028 heated device procurement project, with Shenzhen Smoore Technology Limited securing final supply contracts for three lots: U1, C1 and C2. The project was launched through a public tender in June 2026 to support overseas markets and involved heated tobacco devices carrying JSIC’s “iRod” trademark. Candidate supplier results published on July 13 showed Smoore ranked first for the three awarded lots, while Shenzhen Yunxi Intelligent Technology Co., Ltd. and Shenzhen Bodi Technology Development Co., Ltd. participated in the bidding process.
Aug.03
JT Plans ¥800 Billion Investment in Heated Tobacco Over Three Years, Betting on Ploom as Second Growth Engine
JT Plans ¥800 Billion Investment in Heated Tobacco Over Three Years, Betting on Ploom as Second Growth Engine
Japan Tobacco Inc. (JT) CEO Takehiko Tsutsui said the company plans to invest about ¥800 billion (approximately US$5.4 billion) in heated tobacco products over three years through 2028, aiming to establish Ploom as a second growth engine after combustible cigarettes. Tsutsui said Ploom AURA helped JT increase its share of Japan’s heated tobacco market to 15.8% in the first quarter of 2026. Ploom products are now available in 29 markets, with Ploom AURA sold in 25 markets including Japan. JT also plans to continue its cigarette business while positioning its food operations, particularly frozen noodle products in North America, as another growth opportunity.
Jul.23