Casey’s reports significant sales and margin gains in its fiscal fourth-quarter. Casey’s General Stores Inc. reported a 1.4% increase in earnings for the fiscal fourth-quarter due to strong sales and higher margins inside its stores, which offset impacts of lower gasoline margins. The Iowa-based company’s revenue has grown for more than two years due to [...]
A fuel distributor with ties to Getty Marketing has been cutting back on deliveries over the past few weeks causing more than 200 BP gas station owners across New England to struggle to keep their doors open. Some have started to run out of gas altogether. All of the region’s BP stations have been affected, [...]
Fiscal 2011 year-to-date sales up 7% from fiscal 2010. Walgreens opened 13 stores during the month of July, including three relocations, and closed one store for a net increase of nine in the month. The drug store chain reported July sales of $5.82 billion, an increase of 4.7% from $5.56 billion for the same month [...]
Susser adds six new convenience stores and eight dealer sites in second quarter. Corpus Christi, Texas-based Susser Holdings Corp. expects to report same-store merchandise sales growth for the second quarter of 2011 of approximately 5.8% year-over-year when it releases its second quarter operating results next month. Retail average per-store fuel volumes are expected to increase [...]
“Since credit cards were introduced more than 60 years ago, no one dared step in to challenge the powerful banks. We did. And we got change,” said NACS President and CEO Hank Armour in his Opening General Session address on Oct. 6 at the NACS Show. NACS’ “audacious goal” to fight swipe fees, said Armour, [...]
NRC Realty & Capital Advisors, LLC (NRC) has arranged a $46 million senior secured credit facility for GPM Investments LLC (GPM) through an affiliate of Bayside Capital Inc. The Bayside facility will replace existing loans as well as provide additional operating capital. GPM is owner of the Fas Mart and Shore Stop chain of [...]
After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors [...]
Casey’s General Stores Inc. today announced that, based on a preliminary vote count provided by its proxy solicitor, shareholders have reelected by a wide margin all eight of the company’s incumbent directors to Casey’s Board of Directors at the Company’s Annual Meeting held earlier today, Sept. 23. The incumbent directors include: Diane C. Bridgewater, Johnny [...]
Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2 [...]
Cary, N.C.-based The Pantry Inc. an independently operated convenience store chain in the southeastern U.S., has appointed Mark Bierley as the company’s senior vice president and chief financial officer, effective Sept. 27, 2010. Bierley replaces Frank Paci, who has informed the board of directors that he plans to resign, effective Sept. 26, 2010, to pursue [...]
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 [...]
Delek US Holdings Inc. has announced its financial results for the second quarter of 2010. For the three months ended June 30, 2010, Delek US reported net income from continuing operations of $15.0 million ($0.28 per diluted share) compared to $29.6 million ($0.54 per diluted share) in the second quarter 2009. Excluding special items, the [...]
Sunoco Inc. reported its 2010 second quarter results today, including a net income attributable to Sunoco shareholders of $145 million ($1.20 per share diluted) compared to a net loss attributable to Sunoco shareholders of $55 million ($.47 per share diluted) for the second quarter of 2009. “While market conditions during the second quarter remained challenging, [...]
Drug store chain Rite Aid Corp. has announced that for the four weeks ended July 24, 2010, same store sales decreased 1.1% over the prior-year period. Its July front-end same stores sales decreased 0.5%, while total drugstore sales for the four-week period decreased 2.2% to $1.886 billion, compared to $1.929 billion for the same period [...]
Hess Corp. has reported its estimated results for the second quarter of 2010, including a net income of $375 million compared with net income of $100 million for the second quarter of 2009. Exploration and production earnings totaled $488 million in the second quarter of 2010 compared with $215 million in the second quarter of 2009. [...]