Corporate News

Corporate news affecting the convenience store industry

Bouchard telegraphs two more acquisitions in early `07

LAVAL, Quebec -- Alimentation Couche-Tard Inc. said second-quarter profit rose 35% on more profitable gasoline sales, reported Bloomberg. Net income climbed to $74.7 million, or 36 cents a share, from $55.5 million, or 27 cents, a year earlier, the Laval, Quebec-based company said in a statement...

Rollout to emulate state quarters program

WASHINGTON -- The U.S. Mint has announced a new series of circulating presidential $1 coins. They are being introduced as a result of the Presidential Coin Act of 2005, which calls for the minting of the coins to commemorate the service of former presidents in the order they served. Like the Mint's...

Unexpected sale of 122 California stations terminated equally unexpectedly

SAN RAMON, Calif. -- Chevron USA Inc. and USA Petroleum Corp. have terminated their agreement for the sale to Chevron of 122 USA Petroleum retail gas stations. The companies did not offer a reason for the decision to end the deal, announced in mid-July. Chevron had said that it intended to operate...

Fire broke out Friday morning in a building housing the headquarters of the Kum & Go convenience stores, reported the Associated Press.
On first investor call since IPO, retailer addresses growth, rebranding progress
Southeast chain doubles its budget for new-build construction, eyes more growth
Merchandise sales up 10.9%; EBITDA up 24.2%
Announces record 4Q, 2006 financial results
Real-estate firm acquires eight stations with c-stores in Louisiana, Mississippi
Renegotiated deal with Western Refining provides more wiggle room for breakup