Corporate News

Corporate news affecting the convenience store industry

Preliminary results significantly above previous guidance

SANFORD, N.C. -- The Pantry Inc. has announced that it expects fiscal 2006 earnings per share to substantially exceed its previous guidance. Based on preliminary, unaudited data, the company expects to report diluted earnings per share for its fiscal year ended Sept. 28, 2006, in a range between $3...

Much-anticipated spinoff still in holding pattern for now

NEW YORK -- The board of directors of Altria Group Inc. announced yesterday that it intends to finalize its decision, including the precise timing, on the distribution of all Kraft Foods Inc. shares owned by Altria to Altria's shareholders at its regularly scheduled meeting on Jan. 31, 2007. Louis...

Chevron seeking franchisees in Calif., Wash. for newest store design concept

SAN RAMON, Calif. -- Well over a year after launching a pilot program to test a new store design, Chevron Corp. is now seeking franchisees to expand its updated ExtraMile concept in the Los Angeles and Seattle markets. The pilot has been a lot of trial and error to develop a robust offer, Nancy...

Announces closing of IPO
Retailer opens first certified green convenience store in U.S.
Operating, closed locations with c-stores for sale, along with other properties
As gas prices drop, consumer confidence rises and economists keep watch
Opponents go after Tesco's planned distribution center over environmental impact.
Employees of a Kent, Ohio, Sheetz convenience store (pictured) hosted a community open house in early October to celebrate the location's grand opening.
Offering begins trading on NASDAQ under symbol SUSS