Corporate News

Corporate news affecting the convenience store industry

Higher fuel and merchandise margins contribute to net income increase

EL DORADO, Ark. -- Murphy USA reported second-quarter 2016 net income of $46.3 million, a significant increase compared to $26.2 million in second-quarter 2015. Also, income from continuing operations, adjusted EBITDA and earnings per share improved in the quarter due to higher retail fuel margins...

Focusing on site-level profitability, internal growth, but still eyeing acquisitions

WESTLAKE, Ohio -- TravelCenters of America LLC , which has been gobbling up convenience stores to expand its own Minit Mart stand-alone c-store network, is taking a break from acquisitions to focus on internal growth, said Thomas O'Brien, TA's CEO, during the company’s second-quarter 2016 earnings...

Plans to offset sales declines of diesel with gasoline beginning to show results

WESTLAKE, Ohio -- TravelCenters of America LLC has reported second-quarter net income of $3.52 million, compared to net income of $3.77 million in second-quarter 2015. Fuel revenue for second-quarter 2016 declined by $193.9 million, or 17.2%, primarily due to significantly lower market prices for...

Trucking firms seek to question Pilot Flying J CEO
Updates for 7-Eleven, Circle K, Dash In, Global Partners, Lambo’s, more
Integration of Flash Foods network is on target
Strategic review ‘top of mind,’ company ‘working even harder to show we can do this’
Decrease offset by increase in retail merchandise sales
Prominent convenience-channel executive shares his opinion on presidential race
Completes acquisition of Northern Tier