The Pantry, Inc. (PTRY) Misses Q3 EPS by 19c, Sales In-Line
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Price: $36.74 --0%
Financial Fact:
Income (loss) from operations: 51.56M
Today's EPS Names:
MAXN, CSTR, ACU, More
Financial Fact:
Income (loss) from operations: 51.56M
Today's EPS Names:
MAXN, CSTR, ACU, More
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The Pantry, Inc. (NASDAQ: PTRY) reported Q3 EPS of $0.28, $0.19 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2 billion.
Comparable store merchandise revenue increased 1.3% and increased 3.3% excluding cigarettes.
President and Chief Executive Officer Dennis G. Hatchell said, "I am pleased with the progress we made during the third quarter. Our comparable store merchandise sales growth moved back into positive territory as average sales per customer increased 2.5% compared to the prior year quarter. Additionally, we slowed the rate of decline in retail fuel gallons sold. However, fuel margins were $0.023 per gallon lower than during last year's third quarter leading to the decline in Adjusted EBITDA."
Mr. Hatchell continued by saying, "During the third quarter we made significant strides in the areas of store remodels and QSR's -- completing 31 store remodels and opening three new QSR's. We intend to maintain this pace going forward and to complement these activities with new store openings."
For earnings history and earnings-related data on The Pantry, Inc. (PTRY) click here.
Comparable store merchandise revenue increased 1.3% and increased 3.3% excluding cigarettes.
President and Chief Executive Officer Dennis G. Hatchell said, "I am pleased with the progress we made during the third quarter. Our comparable store merchandise sales growth moved back into positive territory as average sales per customer increased 2.5% compared to the prior year quarter. Additionally, we slowed the rate of decline in retail fuel gallons sold. However, fuel margins were $0.023 per gallon lower than during last year's third quarter leading to the decline in Adjusted EBITDA."
Mr. Hatchell continued by saying, "During the third quarter we made significant strides in the areas of store remodels and QSR's -- completing 31 store remodels and opening three new QSR's. We intend to maintain this pace going forward and to complement these activities with new store openings."
For earnings history and earnings-related data on The Pantry, Inc. (PTRY) click here.
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