Shares of The Pantry (PTRY) [image-nocss] slipped after its fiscal fourth-quarter report, but rose 38.1% last week, which made it a top-performing Zacks #1 Rank company. Earnings estimates for the year ending September 2009 are up 27% in the past 2 months, including a gain of 9.4% in just the past 7 days.
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Others companies included on the Zacks list were Fuel Systems Solutions Inc., Ladish Co. Inc., JetBlue Airways Corp. and Thoratec Corp. Each of these stocks "easily" outperformed the Standard & Poors (S&P) 500.
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +30% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled 37.6%.
In other company news, The Pantry has named Brad Williams as senior vice president of field operations. Williams will have operating responsibility for the company's 1,653 c-stores, including the 239 quick-service restaurants at those locations.
Since joining the company in 1998, Williams has held numerous positions in operations management. He has served as vice president of field operations since March 2008, and was previously a division vice president with responsibility for approximately 550 c-stores.
Headquartered in Sanford, N.C., The Pantry is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country, with revenues for fiscal 2008 of approximately $9 billion. As of Nov. 13, 2008, the Company operated 1,653 stores in 11 states under select banners, including Kangaroo Express, its primary operating banner.
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