safe_image.php

Pantry, TA Release Financial Results

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

pantrycstore

Mark Bierley Resigns From The Pantry

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,

coremark logo

Core-Mark Announces Q4 2011 Investor Call

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

stripes

Susser Holdings Reports Q4 And 2011 Results

“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.

Kangaroo squareWeb

The Pantry Announces Q1 Fiscal 2012 Results

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

walgreens

Walgreens January Sales Decrease 2.3%

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%

SUNOCO

Sunoco Reports Preliminary Q4 2011 Pretax Results

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

Valerologo

Valero Experiences Most Profitable Year Yet

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

stripes

Susser Holdings Announces Q4 Results

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

murphy-logo

Murphy Oil Estimates Q3 Earnings

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

fuelpumpingLARGE

Marathon Petroleum Reports Strong Q3 Profits

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

susserlogo

Susser Expects To Report Q3 Growth

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

CustomerService copy

Motivating Employees in a Challenging Economy

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

JohnMatthews

Time For Business Planning!

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

31557-hi-exxon

The Business of Growing

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

NatsoLogoSmall-1

McLane-NATSO Quarterly Index Up 24%

Hot dispensed beverages up 54% for the three-month period, ended June 30, 2011. Total merchandise purchases by truckstops nationwide served by McLane Corp. increased 24% during the 2011 second quarter, compared with a year earlier, led largely by hot and cold beverage sales along with commissary, foodservice, dairy and deli sales, according to the McLane-NATSO

tax

Tax Savings After the Deadline

With operating costs soaring in a sluggish economy, convenience store owners have a variety of tax benefits available to them from the IRS.  By Mark E. Battersby, Contributing Editor. Earlier this year, the Internal Revenue Service advised taxpayers to cool their heels and wait until mid- to late-February 2011 before filing their returns to allow

caseys_logo

Inside Sales Drive Casey’s Strong Q1 Numbers

Casey’s annual goal is to increase same-store sales 5.8% with an average margin of 32.8%, and to grow it’s store count by 4-6%. Casey’s General Stores Inc. is off to a strong start in fiscal 2012 strong with a “record quarter.”  The c-store chain has reported basic earnings per share of $1.04 for the first

SUNOCO

Breaking News: Sunoco Selling Refineries

“Given the unacceptable financial performance of these assets, it is clear that it is in the best interests of shareholders to exit this business,” says Sunoco CEO. Sunoco Inc. announced today, Tuesday, Sept. 6, 2011, that it plans to exit the refining business. Philadelphia-based Sunoco, which owns two refineries—one in Philadelphia and one in Marcus

HESS

Hess Reports Q2 Financial Results

Hess Corp. releases its second quarter estimated results for 2011, including a net income increase compared with one year ago. Hess Corp. reported net income of $607 million for the second quarter of 2011, which is up from $375 million for the second quarter of 2010. The after-tax income (loss) by major operating activity was

Susser Reports Q2 Results

Susser Holdings Corp. posted a second-quarter loss on debt-refinancing impacts but also reported stronger merchandise and fuel sales. Its same-store merchandise sales for the second quarter of 2010 increased by 3.1%, compared with growth of 2.5% in the first quarter of 2010 and 4.6% in the second quarter of 2009.  Retail merchandise margin increased to

Casey’s Completes Financing for Recapitalization Plan

Casey’s General Stores Inc. has completed a private placement for $569 million of 5.22% senior unsecured notes due 2020. Casey’s plans to use the net proceeds from the offering to finance its previously announced recapitalization plan set to be executed through a modified “Dutch auction” self tender offer for up to $500 million in value

The Pantry Announces Q3 Results

Cary, N.C.-based The Pantry Inc. has announced financial results for its third fiscal quarter ended June 24, 2010. The Pantry reported net income for the quarter of $18.0 million or $0.80 per diluted share, compared to a net loss of $749,000 or $0.03 per share in last year’s third quarter. The results for the third

Couche-Tard Extends Deadline

Alimentation Couche-Tard Inc. has extended its tender offer to acquire all of the outstanding shares of Casey’s General Stores Inc.’s common stock for $36.75 per share in cash until 5 p.m., New York City time, on Aug. 30, 2010, unless the offer is further extended. The offer had been scheduled to expire at 5 p.m., New York

Couche-Tard Responds To Casey’s Rejection

Alimentation Couche-Tard Inc. has responded to Casey’s General Stores Inc.’s rejection of its increased tender offer from $36 to $36.75 per share in cash, which was announced on July 22, 2010. “We are disappointed that the Casey’s Board of Directors has rejected our increased $36.75 cash offer and has initiated a recapitalization for only 25%

css.php