Corporate News

Corporate news affecting the convenience store industry

Southeast chain doubles its budget for new-build construction, eyes more growth

SANFORD, N.C. -- The Pantry is known as one of the strongest and most aggressive convenience store companies in the country with regard to growth. So it came as some surprise three months ago, when CEO Peter Sodini announced the company's acquisition strategy was flawed. We've been remiss on...

Merchandise sales up 10.9%; EBITDA up 24.2%

CORPUS CHRISTI, Texas -- Susser Holdings Corp. has reported third-quarter 2006 merchandise sales and total revenues of $96.1 million and $605.1 million, compared with merchandise sales and total revenues of $86.7 and $528.1 million in the same quarter of 2005. Pro forma adjusted EBITDA (earnings...

Announces record 4Q, 2006 financial results

SANFORD, N.C. -- The Pantry Inc. said that for its fourth fiscal quarter ended Sept. 28, 2006, total revenues were $1.7 billion, a 22.5% increase from last year's fourth quarter. Net income for the quarter was $26.7 million, or $1.16 per share on a diluted basis, a 5.2% increase from $25.4 million...

On first investor call since IPO, retailer addresses growth, rebranding progress
Real-estate firm acquires eight stations with c-stores in Louisiana, Mississippi
Renegotiated deal with Western Refining provides more wiggle room for breakup
PMAA warns about fake financial information request
The Service Employees International Union will stage Chevron Day of Action demonstrations at Chevron and Texaco gas stations.
Open Pantry Food Marts of Wisconsin Inc. has added Nicole Stone to its management team as human resources manager.
Kloc winds up with newly created marketing position