CST Brands' 4Q profit falls 28 percent as merger with Circle K nearsPhoto: San Antonio Express-News /File Photo Profit for CST Brands Inc., the San Antonio-based operator of the...CST Brands Inc.'s profit tumbled 28 percent in the fourth quarter as it nears the completion of a merger with the Canadian parent company of Circle K.
As it stated in less Profit for CST Brands Inc., the San Antonio-based operator of the Corner Store brand of convenience stores, tumbled 28 percent in the fourth quarter with $18 million in net income, or 23 cents per share, during ... more Photo: San Antonio Express-News /File Photo CST Brands' profit fell 28 percent during fourth quarter 1 / 1 Back to GalleryCST Brands Inc.'s profit tumbled 28 percent in the fourth quarter as it nears the completion of a merger with the Canadian parent company of Circle K.CST fell short of analyst projections in its fourth-quarter earnings report Monday. Overall, the company's fourth quarter revenue grew 12.7 percent to almost $2.4 billion from $2.1 billion last year, but still didn't beat analyst expectations of almost $2.5 billion. CST Brands' profit fell 28 percent during fourth quarterPhoto: San Antonio Express-News /File Photo Image 1 of / 1 Caption Close Image 1 of 1 Profit for CST Brands Inc., the San Antonio-based operator of the Corner Store brand of convenience stores, tumbled 28 percent in the fourth quarter with $18 million in net income, or 23 cents per share, during the three-month period ending Dec. 31. CST attributed the decline in profit to a 25 percent decrease in motor fuel gross profit at its U.S. stores. Analysts had projected CST would make about $27.9 million in net income, or 36 cents a share.
As it stated in on Tuesday beat forecasts with a 10 percent rise in 2016 profit, helped by an extension of its product range, new outlets and store refurbishments. Greggs said it had improved its product range, extending choice in hot drinks, hot food and healthy options over the period. Total sales rose 7 percent to 894.2 million pounds with sales at company-managed shops open over a year up 4.2 percent. It refurbished 208 shops and opened a net 66 shops, taking the total to 1,764.
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collected by :Jack Luxor
As it stated in less Profit for CST Brands Inc., the San Antonio-based operator of the Corner Store brand of convenience stores, tumbled 28 percent in the fourth quarter with $18 million in net income, or 23 cents per share, during ... more Photo: San Antonio Express-News /File Photo CST Brands' profit fell 28 percent during fourth quarter 1 / 1 Back to GalleryCST Brands Inc.'s profit tumbled 28 percent in the fourth quarter as it nears the completion of a merger with the Canadian parent company of Circle K.CST fell short of analyst projections in its fourth-quarter earnings report Monday. Overall, the company's fourth quarter revenue grew 12.7 percent to almost $2.4 billion from $2.1 billion last year, but still didn't beat analyst expectations of almost $2.5 billion. CST Brands' profit fell 28 percent during fourth quarterPhoto: San Antonio Express-News /File Photo Image 1 of / 1 Caption Close Image 1 of 1 Profit for CST Brands Inc., the San Antonio-based operator of the Corner Store brand of convenience stores, tumbled 28 percent in the fourth quarter with $18 million in net income, or 23 cents per share, during the three-month period ending Dec. 31. CST attributed the decline in profit to a 25 percent decrease in motor fuel gross profit at its U.S. stores. Analysts had projected CST would make about $27.9 million in net income, or 36 cents a share.
As it stated in
Greggs beats forecasts with 10 percent profit rise
That compared to 73 million pounds in 2015 and analysts' average forecast of 78.7 million pounds, according to Thomson Reuters data. LONDON (Reuters) – British baker Greggsread more visit us profit
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