Corporate News

Corporate news affecting the convenience store industry

Integration of Flash Foods network is on target

SAN ANTONIO -- Driven by an increase in both the U.S. and Canadian motor fuel and merchandise and services gross profit, CST Brands Inc. , for the three-month period ending June 30, has reported net income of $27 million, compared to net income of $25 million for the same period in 2015. “During...

Strategic review ‘top of mind,’ company ‘working even harder to show we can do this’

SAN ANTONIO -- While coming short of providing the anticipated announcement of a sale of CST Brands Inc. , chairman and CEO Kim Lubel sought to offer some encouragement and positive financial results to soothe continued investor anxiety over the company’s value and performance. For the three-month...

Decrease offset by increase in retail merchandise sales

DALLAS -- Retail fuel-price decreases resulted in Sunoco LP reporting revenue of $4.1 billion for second-quarter 2016, a decrease of 19.6%, compared to $5.1 billion in second-quarter 2015. The decline was the result of a 60.5-cents-per-gallon decrease in the average selling price of fuel partly...

Prominent convenience-channel executive shares his opinion on presidential race
Completes acquisition of Northern Tier
Moody was previously with Road Ranger, The Pantry

Retailer opens bigger convenience store and gas station in Maine

Food retailers dominate National Retail Federation’s annual list

Second-quarter record shows why MPC likes to keep its convenience stores close
Marathon Petroleum reports increased margins