Corporate News

Corporate news affecting the convenience store industry

Announces record first-quarter financial results

SANFORD, N.C. -- The Pantry Inc. has reported total revenues for the first fiscal quarter ended Dec. 29, 2005, of approximately $1.3 billion, a 39.7% increase from last year's first quarter. Net income was $33 million, or $1.45 per share on a diluted basis, more than double net income a year ago of...

Reports fourth-quarter, full-year financials

HOUSTON -- Marathon Oil Corp. has reported fourth-quarter 2005 net income of $1.265 billion, or $3.43 per diluted share. Net income in fourth-quarter 2004 was $429 million, or $1.23 per diluted share. Marathon reported fourth-quarter 2005 net income adjusted for special items of $1.329 billion, or...

Adds eight execs

NASHVILLE, Tenn. -- Fuel card provider Fleet One LLC has hired eight new employees to join its sales force. These individuals will play a pivotal role in helping the company expand its North American market share in 2006. Our sales organization continues to attract top talent with a variety of...

Thompson named Chief Acquisitions Officer to implement business expansion strategy
Brings 20 years of experience to dispenser maker
Report 4Q, yearly financials
Terry L. McElroy, president of McLane Grocery Distribution, a unit of McLane Co. Inc., has been appointed as a director of The Pantry Inc.
Supervalu, CVS, others carve up supermarket/pharmacy chain
The National Association of Convenience Stores also undertook an extensive review of the vulnerabilities of holding the event in New Orleans.
Fred Rael and his wife, Virginia, plan to open the first phase of their currently under-construction travel center sometime in March.