Murphy USA reported third-quarter 2026 net income of $176 million, up from $129.9 million a year ago. Diluted earnings per share rose to $9.59 from $6.76, and revenue climbed to $6.9 billion from $5.1 billion. Total retail gallons grew 3.3%, while same-store fuel volumes were up 0.1%. Fuel was the [...]
Circle K parent Alimentation Couche-Tard has offered between $7.5 billion and $8 billion for Cumberland Farms, the convenience-store operator formerly known as EG Group. The Times of London first reported the bid, and Reuters confirmed it. The offer comes in below the roughly $9 billion valuation Cumberland Farms was targeting [...]
7-Eleven Inc. grew U.S. same-store merchandise sales 0.6% in the first half of fiscal 2026, according to second-quarter earnings from parent company Seven & i Holdings. Merchandise gross margin rose 0.3 percentage points to 33.5%. Executives credited expanded hot food offerings, better product quality and the ongoing shift of company-operated [...]
Getty Realty Corp. has closed a $260.9 million sale-leaseback transaction with Refuel Operating Co., acquiring 41 of the North Charleston, South Carolina-based operator's roughly 250 convenience stores. The portfolio includes 17 stores in South Carolina, 12 in North Carolina, seven in Texas and five in Mississippi. Refuel will continue operating [...]
Circle K parent Alimentation Couche-Tard recorded its fifth straight quarter of positive same-store merchandise sales growth in the U.S. during fiscal Q1 2027. U.S. same-store merchandise revenues grew 1.7% during the quarter and 1.6% across the company’s global network, building on a strong fiscal 2026. President and CEO Alex Miller [...]
Murphy USA reported net income of $209.1 million in the second quarter of 2026, up 43.6% from $145.6 million a year earlier. Adjusted EBITDA rose to $377.3 million, a 31.9% increase compared to $286 million in the prior-year quarter. Fuel performance was a key driver of the results. Price volatility [...]
7-Eleven’s parent company, Seven & i Holdings, posted a record first quarter of fiscal 2026, with overall operating income up 122.4% year over year to more than 105 billion yen (about $649 million). Over the same period, its North American unit, 7-Eleven Inc., achieved a 25% increase in operating income, [...]
Key Takeaways: Murphy USA’s core business is performing at a high level, driven by fuel margin expansion and consistent inside sales growth New store development remains a primary growth lever, with a steady pipeline of openings underway QuickChek represents a drag on overall performance, with restructuring efforts focused on improving [...]
Key Takeaways: BMO plans to open 145 new branches across California and Arizona The bank is concentrating growth in higher-potential Western markets BMO is selling 138 branches to First Citizens as part of a broader footprint realignment The expansion builds on BMO’s Bank of the West acquisition and long-term U.S. [...]
7-Eleven plans to close 645 convenience stores across North America during fiscal 2026, marking the fifth consecutive year the company will shutter more locations than it opens. The closures are a central part of a broader effort to streamline operations, improve margins, and reposition the portfolio ahead of a delayed [...]
