The Pantry, Inc. (PTRY) Misses Q4 EPS by 4c, Sales Beat
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Price: $36.74 --0%
Financial Fact:
Store operating: 126.74M
Today's EPS Names:
OTLK, EGRX, MOVE, More
Financial Fact:
Store operating: 126.74M
Today's EPS Names:
OTLK, EGRX, MOVE, More
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The Pantry, Inc. (NASDAQ: PTRY) reported Q4 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.98 billion. Comparable store merchandise revenue increased 2.0%.
President and Chief Executive Officer Dennis G. Hatchell said, "We achieved improved operating results during the fourth quarter and are gaining momentum in merchandise sales as we move into fiscal 2014. Our sales initiatives generated comparable store merchandise revenue growth of 2.0% as merchandise sales per customer continued to grow."
Mr. Hatchell added, "Improving our facilities to drive profitable growth remains one of the cornerstones of our strategy. We continued upgrading our store base during the fourth quarter -- opening two new stores, rebuilding one store, completing 31 remodels and five new QSR's. In addition, we have completed a strategic review of our markets which is guiding our investments and initiatives to improve existing stores. We are also focused on unlocking the potential of our company through improved employee engagement, merchandising and cost control."
For earnings history and earnings-related data on The Pantry, Inc. (PTRY) click here.
President and Chief Executive Officer Dennis G. Hatchell said, "We achieved improved operating results during the fourth quarter and are gaining momentum in merchandise sales as we move into fiscal 2014. Our sales initiatives generated comparable store merchandise revenue growth of 2.0% as merchandise sales per customer continued to grow."
Mr. Hatchell added, "Improving our facilities to drive profitable growth remains one of the cornerstones of our strategy. We continued upgrading our store base during the fourth quarter -- opening two new stores, rebuilding one store, completing 31 remodels and five new QSR's. In addition, we have completed a strategic review of our markets which is guiding our investments and initiatives to improve existing stores. We are also focused on unlocking the potential of our company through improved employee engagement, merchandising and cost control."
For earnings history and earnings-related data on The Pantry, Inc. (PTRY) click here.
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