USA: The Pantry sees Q2 loss on gasoline troubles
The Pantry, the leading convenience store operator in the southeastern US and the second largest independently operated convenience store chain in the country, has announced its financial results for the Q2 and H1 ended 28 March 2002. The Sanford, North Carolina-based company posted a net loss of US$4.1m for the Q2 net, compared to a net loss US$4.9m in the Q2 2001. EBITDA was US$18.1m, compared to US$25m year on year. On a pro forma basis, the Q2 2002 loss per share was US$0.26, compared to a loss per share of US$0.06 in the Q2 2001.
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