Corporate News

Corporate news affecting the convenience store industry

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...

Real-estate firm acquires eight stations with c-stores in Louisiana, Mississippi

GREAT NECK, N.Y. -- One Liberty Properties Inc. said that it has acquired, through a wholly owned subsidiary, a portfolio consisting of eight gas stations with related convenience stores located in Louisiana and Mississippi. The total purchase price for the portfolio was approximately $15 million,...

Renegotiated deal with Western Refining provides more wiggle room for breakup
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.
PMAA warns about fake financial information request
Kloc winds up with newly created marketing position
Division of Circle K's Midwest business unit signals new phase of growth.
Western Refining Inc. and Giant Industries Inc. announced that the boards of both companies have unanimously approved an amendment to their merger agreement.