US c-store retailer The Pantry has seen its net losses widen in its first quarter.

In the three months ended 27 December, the company made a net loss of US$3.1m compared to a net loss of $2.9m last year, it reported today (5 February). Excluding the impact of impairment charges, net loss improved to $1.7m.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, operating profit was up 13.2% to $18m. The company said the improvement in operating profit was down to “improving merchandise sales and margins and controlling expenses”.

Net sales dropped to $1.91bn from $1.96bn last year. Comparable-store merchandise sales, which excludes cigarettes, increased 2.2%.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now