Both The Pantry Inc. and TravelCenters of America release their third and second quarter financial results, respectively. The Pantry Inc. and TravelCenters of America (TA) report their financial results through the end of June for this year. Pantry Inc. reported its net income was $14.8 million or $0.65 per share. This compares to net income [...]
As The Pantry searches for a new CFO, Berry Epley, vice president and corporate controller, will assume Bierley’s responsibilities until a successor is found. The Pantry Inc. an independently operated convenience store chain in the southeastern U.S., announced today that Mark Bierley, the chief financial officer (CFO) of the company, is resigning effective May 25, [...]
Core-Mark Holding Co. Inc. plans to release its earnings before the market opens on Thursday, March 8, 2012, for the fourth quarter and year ended Dec. 31, 2011 and will host an investor call later that morning. The call is scheduled for Thursday, March 8, 2012 at 9 a.m. Pacific time and can be accessed [...]
“Our newly built stores continue to perform very well, and as a result, we plan to increase our overall capital budget in 2012 to accelerate new store construction to a planned 25-30 stores,” says Susser Holdings CEO. Susser Holdings Corp. reported strong financial and operating results for the fourth quarter and full fiscal year 2011. [...]
The Pantry Inc. has announced financial results for its fiscal first quarter ended Dec. 29, 2011. First Quarter Summary: Net loss was $2.9 million or $0.13 per share. This compares to a net loss of $12.2 million or $0.54 per share in last year’s first quarter. Excluding the impact of impairment charges and loss on [...]
Comparable front end sales increase 1.6% from January 2011. Walgreens had January sales of $5.80 billion, a decrease of 2.3% from $5.93 billion for the same month in fiscal 2011. Total front-end sales increased 2.7% in January 2012 compared with the same month in 2011, while comparable store front-end sales increased 1.6%, following a 0.6% [...]
Retail Marketing earned $40 million pretax in the current quarter versus $1 million in the fourth quarter of 2010. Sunoco Inc. has reported a net pretax loss attributable to Sunoco shareholders of $660 million for the fourth quarter of 2011 versus pretax income attributable to Sunoco shareholders of $119 million for the fourth quarter of [...]
Breaks earnings records in 2011. Valero Energy Corp., based in San Antonio, Texas, reported its highest full-year earnings since 2008, as the retail segment boasted its most profitable year in the company’s history, the ethanol segment saw its most profitable quarter, and two major acquisitions strengthened the company’s global position, according to statistics from Industrial [...]
During the fourth quarter of 2011, Susser Holdings opened six new large-format convenience stores. Corpus Christi, Texas-based Susser Holdings Corp. has set up an earnings conference call for 11 a.m. EST on Feb. 22 to discuss its fourth quarter results. The company expects to report same-store merchandise sales growth for the fourth quarter of 2011 [...]
U.S. retail and marketing continuing operations generated earnings of $88.0 million in the third quarter of 2011 compared to earnings of $59.0 million in the 2010 quarter. Murphy Oil Corp.’s net income in the third quarter of 2011 totaled $406.1 million ($2.09 per diluted share), which was double the net income of $202.8 million ($1.05 per diluted share) in [...]
As Marathon Petroleum cuts costs, fuel prices continue to climb, resulting in high Q3 profits. Marathon Petroleum Corp., which split from Marathon Oil Corp. earlier this year, reported soaring third quarter profits this week, according to Bloomberg Businessweek. Earnings totaled $1.13 billion, or $3.16 per share, for the three months ended Sept. 30, more than [...]
Susser anticipates same-store merchandise sales growth ahead of its third quarter results release. Susser Holdings Corp. expects to report same-store merchandise sales growth for the third quarter of 2011 of approximately 7.4% versus the third quarter of 2010. Meanwhile, retail average per-store fuel volumes are expected to increase by 5.6% year-over-year. For the first three [...]
Some chains just don’t have the financial resources to give out much-deserved raises and bonuses, but there are other ways to show your staff you appreciate their hard work. By John Lofstock, Editor. To say the least, the past few years haven’t been the best for business. While we have weathered a brutal recession, it’s [...]
John Matthews, founder and president of Gray Cat Enterprises Inc. “It’s the most wonderful time of the year . . .” Ah yes, the annual business planning cycle is upon us. The time of the year to huddle all of your business colleagues in a room to hash out the key initiatives for the upcoming [...]
Overcoming the top nine challenges for effectively growing your retail business requires true leadership and patience. By John Lofstock, Editor. The hardest step entrepreneurs take is getting their startup off the ground once and for all. The second hardest step is growing it into the best business it can be. What today’s entrepreneurs and aspiring [...]