Apr. 22, 2015, 3:10 PM
- Convenience stores saw a 0.1% increase in same-store tobacco sales last year after a strong Q4.
- The mark ended a multi-year streak of declining tobacco sales.
- The tobacco category makes up the highest percentage of in-store spending at convenience stores.
- Lower gas prices are believed by some analysts to have boosted consumer demand, while the exit of CVS Health from the category may have also played a small factor.
- Kwik Check Food Stores CEO Kevin Smartt says "flat is the new up" for tobacco growth, but warns on margin pressure.
- Convenience store chain owners: KR, CASY, PTRY, OTCPK:ANCUF, CST, MUSA
Mar. 20, 2015, 1:40 PM| Mar. 20, 2015, 1:40 PM | 1 Comment
Mar. 10, 2015, 12:05 PM
- Shareholders with The Pantry (NASDAQ:PTRY) approve the company's merger with an Alimentation Couche-Tard subsidairy.
- The Pantry trades just a nickel short of the deal price of $36.75.
Jan. 30, 2015, 3:26 PM
- Products from PepsiCo (PEP -2.1%) will be on full display this Super Bowl Sunday - before, during, and after the mammoth TV event.
- The company plans to run 11 Mountain Dew Kickstart spots during the extended SB pre-game show.
- Doritos and Gatorade will have their usual high-visibility presence, while Tostitos gets its introduction to the spectacle.
- A lead-in commercial just before the Pepsi-sponsored halftime show has a chance to be one of the most watch commercials of the game.
- In an appeal to millennials, the company is running a student cooking competition using PepsiCo products and unloading massive marketing efforts around the crowdsourced Crash the Super Bowl competition.
- One group that doesn't mind the significant efforts of PepsiCo to generate Super Bowl buzz is C-stores (KR, CASY, PTRY, OTCPK:ANCUF, CST, MUSA).
- Traffic to C-stores this weekend is forecast to be up over 8% Y/Y.
- Mountain Dew Kickstart Ad
- PepsiCo Super Bowl teaser ad
Jan. 29, 2015, 9:18 AM
- Pantry (NASDAQ:PTRY) reports comparable store merchandise sales rose 3.6% in Q4.
- The company picked up some profitability with gas sales as retail fuel gallons rose 3.7% and the margin per gallon increased 54.2% to $0.182.
- Store operating and general administrative expenses were -1.3% to $152M.
- Store count -27 Y/Y to 1,511.
- The Pantry was snapped up by Alimentation Couche-Tard at $36.75 per share.
Jan. 29, 2015, 7:32 AM
- Pantry (NASDAQ:PTRY): FQ1 EPS of $0.84 beats by $0.30.
- Revenue of $1.68B (-6.7% Y/Y) misses by $20M.
Jan. 6, 2015, 4:16 PM
- GasBuddy.com projects gas prices will average $2.64 per gallon in 2015.
- Most economists see a boost in U.S. retail spending from the gas savings with the exception of regions highly dependent upon the energy industry.
- While some Q4 reports from restaurant chains and retailers may show a marginal lift in sales due to the drop in gas prices, insiders think quantifying the impact will be more art than science.
- The following sub-sectors have been tapped by analysts as potential under-the-radar beneficiaries of the gas price effect.
- C-stores:KR, CASY, PTRY, OTCPK:ANCUF, CST, MUSA.
- Theme parks: SIX, FUN, DIS, CMCSA, PLAY.
- Beverages: KO, PEP, COT, DPS, BUD, SAM, BREW, TAP, MNST.
Dec. 18, 2014, 7:52 AM
- Alimentation Couche-Tard (OTCPK:ANCUF) agrees to acquire The Pantry (NASDAQ:PTRY), adding more than 1,500 locations to the Canadian company's U.S. network of convenience stores and fuel stops.
- The deal values PTRY at US$1.7B, including debt, with Couche-Tard paying $36.75/share; PTRY +2.6% premarket after closing yesterday at $35.52, rising 23% amid reports of a deal in the works.
- Couche-Tard has one of North America's largest network of convenience stores, operating primarily under the Couche-Tard and Mac's banners in Canada and as Circle K throughout the U.S.
Dec. 17, 2014, 12:46 PM
Dec. 16, 2014, 6:29 PM| Dec. 16, 2014, 6:29 PM
Dec. 11, 2014, 9:30 AM
- Retail sales struck their biggest gain since March on broad strength.
- What's working: Strong growth was seen in auto parts (PBY, ORLY, AZO, AAP, MNRO) with the broad parts category showing year-over-year sale growth of over 8% in November. Sales were up 6.8% Y/Y for health and personal care stores (ULTA, SBH, CVS, WAG, RAD) during the month.
- What's not working: Department stores (DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN) went backwards with sales off 1.1% from a year ago. No surprise, but sales at gas stations (CASY, KR, PTRY) also fell off from a year ago.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK.
Dec. 9, 2014, 7:04 AM
- Pantry (NASDAQ:PTRY): FQ4 EPS of $0.66 beats by $0.20.
- Revenue of $1.96B (-3.0% Y/Y) misses by $20M.
Dec. 8, 2014, 5:30 PM
Dec. 4, 2014, 3:22 PM
- There's an increasing rate of reports of long lines at convenience store outlets across the U.S. as consumers rush to find sub-$2.50 gas.
- C-store chains are pricing aggressively in order to increase traffic into stores where margins tend to be higher.
- The sector has been identified by retail analysts as likely to outperform in Q4 due to the spending boost provided by lower gas prices (you could ski down the chart of retail gas prices over the last three months). Some forecast in-store spending will pop.
- Convenience store operators in the mix: Circle K (OTCPK:ANCUF), 7-11, Pantry (NASDAQ:PTRY), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), Caseys General Stores (NASDAQ:CASY), and Qwiktrip.
- Related: Let's talk $2 gas (Nov. 29 2014), Sub-$2 per gallon spotted as pump prices fall to 4-year low (Dec. 03 2014)
Oct. 7, 2014, 1:47 PM
- The Pantry (PTRY +6.8%) trades higher after reporting preliminary results for FQ4 which appear to set it up for an earnings beat.
- The company says comparable store merchandise revenue rose 2.5% during the quarter.
- Retail fuel margin per gallon +$0.023 Y/Y to $0.13.
Aug. 25, 2014, 2:01 PM
- Sales growth by the key candy, mints, and gum category grew 2.6% last year, according to data from Nielsen.
- The category is a margin-booster for most retail chains.
- Convenience stores (OTCPK:ANCUF, PTRY, MPC, KR, XOM) saw the most CMG growth at 3.3% to $5.48B - followed by food stores at 2.6%, mass market retailers at 1.5%, and drugstores at 0.5%.