US retailer The Pantry today (4 May) booked a second-quarter loss as charges hit profits at the convenience store operator.
During the three months to 25 March, The Pantry saw losses rocket to US$166.1m from a profit of $3.8m in the comparable period of last year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said that, excluding impairment costs, charges, goodwill and the settlement of a lawsuit, it broke even and met its own expectations.
“In view of the unusually cold and wet conditions experienced throughout our markets in the quarter, I am pleased we were able to deliver an earnings result in line with our expectations, excluding the charges,” CEO Terrance Marks said.
Sales gained 28% to $1.68bn, up from $1.31bn last year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
