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financial

Company News

Parkland’s Largest Shareholder Calls for Strategic Review

 By Hannah Hammond on Apr. 15, 2024

Fuel distributor, convenience retailer says review is ‘unnecessary’

Company News

EG Group Eyes Exit From Australia, Co-CEO to Step Down

 By Rachel Gignac on Apr. 05, 2024

After buying 540 gas station sites 2018, chain is ‘eager to sell a business unit it has already had to write down in value twice’

Company News

U.S. Convenience-Store Sales Reach New Highs

By Greg Lindenberg on Apr. 04, 2024

Foodservice drives in-store sales, which grew 8.2% in 2023, according to NACS

Company News

Acquisition of 64 Convenience Stores Helped Make 2023 ‘Transformational’ for Global Partners

By Chuck Ulie on Mar. 07, 2024

Alltown Fresh owner reports fourth-quarter, full-year financials; adding c-stores helped propel market diversification, growth potential, CEO says

Company News

EG Group Fourth-Quarter Earnings Bring Forth Concentrations in Foodservice, Tech, More

By Rachel Gignac on Mar. 04, 2024

Convenience-store retailer's global grocery, merchandise profit grew 2.6%, foodservice 15% in 2023

Company News

CrossAmerica Partners Reports ‘Historic’ Fourth-Quarter Profits

By Diane Adam on Feb. 27, 2024

Fuel distributor, convenience-store operator attributes increase to higher motor fuel and merchandise gross profit

Company News

Delek US Holdings’ Fourth Quarter: Market Environment ‘Less Than Favorable’

By Chuck Ulie on Feb. 27, 2024

Refiner, convenience-store operator sees net loss of $164.9 million

Mergers & Acquisitions

Final 20% of Pilot Travel Centers Cost Berkshire Hathaway $2.6 Billion

By Chuck Ulie on Feb. 26, 2024

Figure disclosed in conglomerate’s annual report brings total price of acquisition to about $13.6 billion

Company News

bp Reports 7% Growth in Strategic Convenience Sites in Fourth Quarter

By Rachel Gignac on Feb. 07, 2024

When including TravelCenters of America data, that number reached 60%

Tobacco

Altria CEO Recognizes ‘Progress’ in Growing Smoke-Free Portfolio

By Diane Adam on Feb. 01, 2024

Tobacco company posts fourth-quarter earnings

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