CST Brands (CST) Tops Q3 EPS by 11c; Will Acquire Flash Foods
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CST Brands, Inc. Reports Third Quarter 2015 Results
November 4, 2015 6:00 AM ESTThird Quarter 2015 Net Income of $85 million or $1.12 per diluted share, a 35% increase over Third Quarter 2014 EBITDA of $174 million, an increase of 25% over Third Quarter 2014 Adjusted EBITDA of $294 million and Adjusted Earnings Per Share of $2.12 Same Store Merchandise Sales Increases of 4% in both the U.S. and Canada
SAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), one of the largest independent retailers of motor fuels and convenience merchandise in North America, today reported financial results for the third quarter... More
CST Brands Enters into Exclusivity Agreement to Acquire the Flash Foods Store Network
November 4, 2015 6:00 AM ESTFinal purchase would be largest network acquisition in CST Brands company history
SAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), a San Antonio-based Fortune 500 fuel and convenience retailer, announced today that it has entered into an exclusivity agreement to finalize the terms of the definitive agreement for CST to acquire 100 percent of the outstanding shares of Flash Foods, Inc. and certain related entities in Georgia and Florida from the Jones Company.
The closing of this purchase would represent the largest network acquisition in... More
