By Brian L. Milne, Refined Fuels Editor, Telvent DTN Most wholesale gasoline costs countrywide are moving lower as we march toward the end of the third quarter, with the current decline consistent with its historical pattern of falling prices as demand eases from the summer peak and production costs decrease with the transition to winter-grade…
Inside Sales Drive Casey’s Strong Q1 Numbers
Casey’s annual goal is to increase same-store sales 5.8% with an average margin of 32.8%, and to grow it’s store count by 4-6%. Casey’s General Stores Inc. is off to a strong start in fiscal 2012 strong with a “record quarter.” The c-store chain has reported basic earnings per share of $1.04 for the first…
Looking Good in the Neighborhood
A clean, consistent, upscale image and outstanding service isn’t enough to distinguish your brand anymore—it’s the bare minimum to stay competitive. By Jim Callahan. It’s February and I’m not quite sure about the official name for this dismal season, but this much is certain: I prefer the dog days of summer. This winter has seen…
Susser Holdings Releases Q4 Results
“Following a challenging 2009, we set a new all-time record for Adjusted EBITDA in fiscal 2010, driven by unusually strong fuel margins, steady same-store growth in merchandise sales and careful expense control,” says Susser president and CEO. Susser Holdings Corp. released its fourth quarter of 2010 report, showing strong merchandise sales and fuel volumes as…
The Pantry Releases Fiscal Q4 and 2010 Results
The Pantry Inc. has announced the financial results for its fiscal fourth quarter and year ended Sept. 30, 2010. The quarter and year included 14 and 53 weeks, respectively, one more week than the comparable periods in fiscal 2009. In the fourth quarter, net income for The Pantry totaled $8.5 million or $0.38 per diluted…
Chevron Donates To Local Public Schools
Over the past three weeks, Chevron’s Fuel Your School promotion has encouraged East Bay, Calif., drivers to help earn up to $1 million in funds for their neighborhood public schools. To participate customers simply have to fill up their gas tank at participating Chevron stations in Alameda and Contra Costa counties between Sept. 1 and…
CSD Exclusive: WPMCA Hails Legislative Victory
By Jennifer Badeau, WPMCA Director of Regulatory Affairs The Wisconsin Petroleum Marketers & Convenience Store Association (WPMCA) is pleased with its recent legal victory: The 7th Circuit Court of Appeals ruled that Wisconsin’s Unfair Sales Act is constitutional. The decision marks the 10th time an appellate court has ruled in favor of keeping the law…
Fueling New Sales
FuelQuest Inc., an on-demand software and services company for the downstream energy industry, has released ForeSite, an innovative, map-based fuel inventory management solution that deploys in a single day. Offering real-time views of inventory across multiple sites, ForeSite gives retailers control and visibility over their fuel inventory, reducing runouts and retains, as well as optimizing…
Sunoco Reports Q2 Results
Sunoco Inc. reported its 2010 second quarter results today, including a net income attributable to Sunoco shareholders of $145 million ($1.20 per share diluted) compared to a net loss attributable to Sunoco shareholders of $55 million ($.47 per share diluted) for the second quarter of 2009. “While market conditions during the second quarter remained challenging,…
Hess Estimates Second Quarter Results
Hess Corp. has reported its estimated results for the second quarter of 2010, including a net income of $375 million compared with net income of $100 million for the second quarter of 2009. Exploration and production earnings totaled $488 million in the second quarter of 2010 compared with $215 million in the second quarter of 2009.…