Weigel'sTea

Customers Crave Premium and Value-Priced Teas

As customers seek more healthful beverages options, look for robust tea sales in 2012 and beyond. Packaged Facts projected that the retail tea market is set to grow from approximately 6.6% in 2012 to 8.7% in 2014, reaching $8.3 billion in that year. Tea was up 5.1% in 2011, according to Chicago-based research firm Mintel

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The Pantry Reports Q4 and Fiscal 2011 Results

“Fiscal 2012 represents an important transitional period for the company, as we focus on a pricing strategy that is intended to improve merchandise sales growth and align our gasoline volume with industry trends,” says The Pantry’s Interim CEO. The Pantry Inc. has announced financial results for its fiscal fourth quarter and year ended Sept. 29,

HESS

Hess Reports Q2 Financial Results

Hess Corp. releases its second quarter estimated results for 2011, including a net income increase compared with one year ago. Hess Corp. reported net income of $607 million for the second quarter of 2011, which is up from $375 million for the second quarter of 2010. The after-tax income (loss) by major operating activity was

Casey’s 2nd Quarter Results Impacted by Hostile Bid

Ankeny, Iowa-based Casey’s General Stores Inc. released the results of its second quarter of fiscal 2011 ended Oct. 31, 2010. Casey’s reported 51 cents in basic earnings per share during the period and approximately $19.4 million in expenses pertaining to the company’s recapitalization plan completed in the second quarter, as well as the unsolicited hostile

Kroger Makes Strides In Sustainability

The company’s 2010 Sustainability Report, recently published online, shows the company has reduced overall energy consumption by more than 27%, and includes updates in four core areas:            —Reducing its carbon footprint, especially by decreasing energy usage;            —Eliminating and recycling waste including reducing plastic bag use;             —Lowering the impact of

Casey’s Reports Record Fiscal Fourth Quarter

Casey’s General Stores Inc. has reported $0.43 in basic earnings per share for the fourth quarter of fiscal 2010 ended April 30, 2010, compared to $0.31 from the same quarter a year ago. The results include approximately $6.9 million in legal and advisory fees pertaining to the evaluation of the unsolicited offer and related actions

Chevron Reports First Quarter Income

Chevron Corp. has reported earnings of $4.55 billion ($2.27 per share – diluted) for the first quarter 2010, compared with $1.84 billion ($0.92 per share -diluted) in the 2009 first quarter. Results in the 2009 period included gains of approximately $400 million ($0.20 per share) from downstream asset sales. Foreign-currency effects reduced earnings in the

Valero Reports Q1 Results

In the first quarter of 2010, Valero Energy Corp. reported a loss of $101 million from continuing operations (or $0.18 per share) compared to the first quarter of 2009 gain from continuing operations of $364 million ($0.70 per share). The first quarter 2010 operating loss was $32 million, versus first quarter 2009 operating gain of

Couche-Tard Quarterly Profit Down 23%

Alimentation Couche-Tard announced today that despite rising revenue, its quarterly profit dropped 23% due to lower U.S. gasoline margins, Reuters reported. Couche-Tard, North America’s second-biggest convenience store chain, operates more than 5,400 convenience stores, with some 3,600 of those also selling gasoline. The company earned $54.8 million, or 29 cents a share, in its third-quarter,

Variety Spicing Up Salty Snacks

In the midst of the recession, more consumers are opting for at-home entertainment, which is good news for the salty snacks category. This trend may account for a jump in sales of chips and popcorn, the quintessential counterparts for an at-home movie.  Last year, salty snack sales totaled $4,962 with a profit of $1,867, a

Burst of Energy

Did You Know? By the year 2001, the U.S. energy drink market had grown to nearly $8 million per year in retail sales. Over the next 5 years, it grew an average of more than 50% per year, totaling over $3 billion in 2005. Diet energy drinks are growing at nearly twice that rate within

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