Pantry Sees 2Q Loss/Shr 24c-Loss 30c On Higher Gas Prices
Apr.09, 2008 in
Market Outlook
Pantry Sees 2Q Loss/Shr 24c-Loss 30c On Higher Gas Prices
Last Update: 4/9/2008 8:28:13 AM
DOW JONES NEWSWIRES
Pantry Inc. (PTRY) expects to report a loss of 24 cents to 30 cents a share for
the second fiscal quarter ended March 27, 2008.
The Sanford, N.C.-based operator of convenience stores in the southeastern U.S.
said comparable-store merchandise sales and retail gasoline gallons sold fell
3.4% from the year-ago quarter.
Pantry said sales were effected by high gasoline prices and “softer” consumer
spending.
Additionally, the company lowered its retail gasoline margin forecast for the
first half of the fiscal year to 10 cents to 12 cents a gallon from 11 cents to
13 cents a gallon.
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