The Pantry, Inc. (PTRY) Misses Q2 EPS by 14c

The Pantry, Inc. (NASDAQ: PTRY) reported Q2 EPS of ($0.43), $0.14 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.78 billion. Comparable store merchandise revenue increased 2.3% even though challenging weather conditions constrained customer traffic.

President and Chief Executive Officer Dennis G. Hatchell said, "We were encouraged with our second quarter results even though they were affected by unfavorable weather. Improved merchandising effectiveness drove a 3.6% increase in merchandise sales per customer as well as the 2.3% merchandise comparable store sales growth for the quarter. Despite continued progress inside our stores, lower fuel margins caused the year-over-year decline in Adjusted EBITDA. We remain focused on unlocking the company's potential as we build on the positive inside sales results and continue our efforts to improve fuel performance."

For earnings history and earnings-related data on The Pantry, Inc. (PTRY) click here.

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