Cary, N.C.-based The Pantry Inc., operator of Kangaroo Express, is purchasing 47 Presto Convenience Stores throughout Kansas and Missouri, including five in the Kansas City metro area. The locations-all but three of which are in Kansas-reported a revenue of about $194 million during the year that ended last May. The deal is expected to close…
The Pantry Announces Q3 Results
Cary, N.C.-based The Pantry Inc. has announced financial results for its third fiscal quarter ended June 24, 2010. The Pantry reported net income for the quarter of $18.0 million or $0.80 per diluted share, compared to a net loss of $749,000 or $0.03 per share in last year’s third quarter. The results for the third…
The Pantry And Marathon Partner
Cary, N.C.-based The Pantry Inc., operator of Kangaroo Express stores and Marathon Petroleum Co. LLC, the refining, marketing and transportation operations of Marathon Oil Corp. have announced a joint-branding fueling agreement set to take place this fall. Under the terms of the agreement, Marathon will supply fuel to more than 600 Pantry locations, with a…
The Pantry Inc. Posts First Quarter Loss
The Pantry Inc. has reported a wider-than-expected first-quarter loss, due to below-average fuel and grocery margins, Reuters reported. For the first quarter ended Dec. 24, the company posted a net loss of $26.1 million, or $1.17 a share, compared with a profit of $38.5 million, or $1.73 a share, last year. Excluding 90 cents…