EG Group, parent of EG America, reported fourth-quarter EBITDA growth and essentially flat full-year 2025 results as U.S. fuel margin expansion and foodservice gains helped offset broader consumer pressures.
For the fourth quarter ending Dec. 31, underlying EBITDA increased 3% to $232 million, while gross profit rose 5% to $899 million. For full-year 2025, underlying EBITDA was $942 million, down 1% year over year.
CEO Russ Colaco said the company delivered a consistent performance despite “challenging market and macro conditions,” citing disciplined cost management and operational improvement initiatives as key contributors to sustained financial returns.
- EG America is No. 6 on CSP’s 2025 Top 202 ranking of U.S. c-store chains by store count.
U.S. remains EG's organic growth focus
In the United States, EG Group continued investing in foodservice expansion, loyalty and store rebranding.
Fuel remained the largest contributor to gross profit in the quarter, rising 7% to $462 million. The company said U.S. fuel margins expanded, with volumes surpassing the OPIS benchmark for eight consecutive months despite wider industry contraction.
Grocery and merchandise gross profit declined 4% to $285 million in the quarter, as U.S. government shutdown-related disruptions offset stronger European results, including 6% sales growth across the region and double-digit gains in Germany.
Foodservice gross profit rose 10% to $85 million, driven by strong performance in U.K. Starbucks operations and initial success from U.S. initiatives such as the Krispy Krunchy Chicken rollout. The program has moved beyond its pilot phase, with 22 locations currently operating and plans to expand to 150 by the end of 2026. Early stores have delivered compelling returns and helped boost fuel and in-store sales at established sites.
Its SmartRewards loyalty program surpassed 4.7 million members in January 2026, with growth in fuel gallons, daily active users and loyalty transactions.
Expanding U.S. footprint through rebrands and new store openings
Rebranding efforts under a Cumberland Farms-led strategy progressed throughout the year, with additional conversions planned in 2026.
EG Group operates 1,464 sites in the United States, including 1,401 company-operated locations, 1,400 proprietary fuel sites and 216 food outlets.
During the quarter, 15 additional Tom Thumb locations were rebranded to Cumberland Farms in the Florida Panhandle and Gulf Coast, bringing the total converted to 46. The remaining 64 sites are scheduled for completion by the first half of 2027.
The company also opened a flagship next-generation store in Panama City, Florida, advancing its premium site model and supporting its strategy to increase foodservice penetration across the network.
EG Group divests French business
In February 2026, EG Group entered into a put option agreement to sell its French operating business to EG On The Move as part of its strategic exit from the market.
The transaction is subject to employee consultations and regulatory approvals, with closing expected in the second quarter of 2026. The company also is selling certain French sites—primarily in the Paris metro area—for alternative use, with proceeds earmarked for debt reduction.
EG Group continued to streamline its global portfolio to focus on core growth markets in the United States and Europe while reducing debt.
The divestment further streamlines EG Group’s European footprint and sharpens its focus on core growth markets, particularly the U.S., where the company continues to invest in fuel margin optimization, foodservice expansion and loyalty initiatives.
In fourth-quarter 2025, the company completed the sale of its Italy business and its Cooplands bakery operations in the United Kingdom. The sale of its Australia business to Ampol is expected to close in the first half of 2026, subject to regulatory approval.
Leadership changes from 2025
The company also reinforced its board and executive leadership over the past year. Roland Smith was appointed chairman in January 2026. Bob Dennis and Steve DeSutter joined as independent non-executive directors in 2025. EG Group also expanded its senior leadership team across finance, legal and human resources in Charlotte, North Carolina, where it is relocating its headquarters, further transitioning itself to being a U.S.-managed organization.
Colaco said the strengthened leadership team and improved capital structure position the company to invest in organic growth opportunities across its core markets in 2026.
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