Corporate News

Corporate news affecting the convenience store industry

Per-share earnings 45 cents over expectations

SANFORD, N.C. -- The Pantry Inc. convenience store chain expects its fiscal 2005 earnings per share to substantially exceed its previous guidance. Based on preliminary, unaudited data, the Sanford, N.C.-based company expects to report diluted earnings per share for its fiscal year ended September...

Doughnut maker begins CEO search

WINSTON-SALEM, N.C. -- Krispy Kreme Doughnuts Inc. named Jeff Jervik the company's executive vice president of operations effective immediately. Jervik will report directly to Steve Panagos, president and COO of Krispy Kreme, and will be responsible for all company-owned operations, franchisee...

Results $350 million below expectations because of hurricanes

SAN RAMON, Calif. -- Chevron Corp., the nation's second-largest oil company, said its third-quarter profit climbed 12%, but would have been much higher if not for production losses caused by hurricanes and other storms that damaged its Gulf of Mexico operations, according to the Associated Press...

Increases could rally tax and penalty supporters
Alimentation Couche-Tard Inc. and its Circle K Stores Inc. subsidiary continued growing with the purchase of 26 stores from BP Products North America Inc.
Newest Sheetz, Nice N Easy stores emphasize foodservice
Couche-Tard acquires 7 Fuel Marts in Ohio
Reports net income of $3.8 billion
Chevron rolls out hurricane relief program for marketers
The right policy can plug a hole when a disaster strikes