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- 06 Nov
TravelCenters Q3 results: fuel margins up, volumes down
In their Q3 fiscal results, TravelCenters of America announced their quarterly retail fuel margins were improved over last year, but retail fuel volumes were lower. Overall net income for the quarter was down $1.8 million.
For the three months ended September 30, 2012, retail fuel gross margins were up 2.4% from the same quarter last year. Total retail fuel volumes were down 6.8% year over year. Net income for the quarter was down $1.8 million compared to Q3 last year.
TravelCenters of America operates 192 company-owned stores which sold a total of 481 million gallons of fuel for the quarter. That equates to 2.5 million gallons of fuel per store for the quarter, or 835,000 gallons of fuel per store per month. The NACS annual store average is 124,000 gallons per month, so clearly TravelCenters continues to operate a high volume model.
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