-
- 09 Aug
TravelCenters has Retail Fuel Margin of $.162 in Q2
TravelCenters of America announced in their quarterly earnings report that retail fuel margins per gallon during the 2011 second quarter was $0.162 versus $0.147 for the 2010 period. CEO Tom O’Brien attributed falling fuel prices during May and June for helping these retail fuel margins.
On a same-site basis, their fuel sales volume increased by 2.1% in the 2011 second quarter versus the 2010 second quarter. TravelCenters believes the trend of modest year-over-year sales growth “reflects the condition of the U.S. economy and the trucking industry, which has improved over the prior year, but done so slowly and with considerable inconsistency”.
On a same-site basis, their 2011 second quarter gross retail fuel margin was approximately $9.7 million or 13.1% more than in the comparable 2010 quarter. Andrew Rebholz, CFO, said “The increased level of gross retail fuel margin resulted from both the increased level of sales volume as well as a $0.016 increase in margin per gallon. This reflects the fact that we’ve declined to chase less profitable fuel sales during 2011.”
Comments are closed.
