Corporate News

Corporate news affecting the convenience store industry

Solid increases for merchandise, gas sales

SANFORD, N.C. -- The Pantry Inc.has announced financial results for its second fiscal quarter ended March 30, 2006. Total revenues for the quarter were approximately $1.3 billion, a 39.1% increase from last year's second quarter. Net income was $9.2 million, or 39 cents per share on a diluted basis...

Where will Kaman establish, build petroleum/c-store network? Southeast? East? Midwest?

ATLANTA -- Kaman USA Holdings Inc. said that it has hired Morgan Keegan & Co. Inc., a full-service investment banking firm that specializes in the convenience store and retail petroleum industry, to assist the company with its acquisition strategy. Kaman is looking for a platform acquisition...

SSA achieved significant same-store gas sales volume growth

IRVING, Texas -- Exxon Mobil Corp. said that for first-quarter 2006, earnings excluding special items were $8.4 billion, an increase of 14% or $1 billion from first-quarter 2005. First-quarter 2006 earnings were impacted by litigation and tax items. Net income was up 7%. There were no special items...

Marketing results significantly lower vs. previous quarters
Murphy Oil Corp. said that net income in first-quarter 2006 was $113.9 million, comparable to net income of $113.2 million in first-quarter 2005.
Schlatter appointment part of global brand push
Atwell joins confectionery company
Valero reports record 1Q earnings
Several sellers offering more than a dozen sites in sealed-bid sale
BP selling 23 sites