Profile: The Pantry Inc (PTRY.OQ)
12.13USD
1:31pm EDT
$-0.24 (-1.94%)
$12.37
$12.29
$12.30
$12.11
8,018
41,668
$16.24
$11.28
The Pantry, Inc. (Pantry), incorporated on July 13, 1987, is an independently operated convenience store chain in the southeastern United States. As of September 29, 2011, Pantry operated 1,649 stores in 13 states under a range of banners, including Kangaroo Express, its primary operating banner. The Company stores offer a range of merchandise, fuel and ancillary products and services. As of September 29, 2011, approximately 32% of its stores were located in coastal/resort areas, such as Jacksonville, Florida, Orlando, Florida/Disney World, Myrtle Beach, South Carolina, Charleston, South Carolina, St. Augustine, Florida, Hilton Head, South Carolina and Gulfport/Biloxi, Mississippi. As of September 29, 2011, approximately 24% of its stores were situated along interstates and highways.
Merchandise Operations
During the fiscal year ended September 29, 2011 (fiscal 2011), the Company’s merchandise sales were 21.9% of its total revenues. As of September 29, 2011, Pantry operated 233 quick service restaurants within 229 of its locations. In 193 of these quick service restaurants, it offers products from food franchises, including Subway, Quiznos, Hardee’s, Krystal, Church’s, Dairy Queen, Baskin-Robbins and Bojangles. In addition, it offers a range of food service programs in 40 quick service restaurants featuring breakfast biscuits, fried chicken, deli and other hot food offerings. During fiscal 2011, it purchased over 55% of its merchandise, including tobacco and grocery items, from a single wholesale grocer, McLane Company, Inc. (McLane), a wholly owned subsidiary of Berkshire Hathaway, Inc. Its services revenue is derived from sales of lottery tickets, prepaid products, money orders, services, such as public telephones, automated teller machines (ATMs), amusement and video gaming and other ancillary product and service offerings. It also generates car wash revenue at 275 of its stores.
Fuel Operations
Pantry purchases its fuel from oil companies and independent refiners. At the Company’s locations it offers a mix of branded and private branded fuel. The majority of its private branded fuel is sold under the Kangaroo banner. As of September 29, 2011, Of its 1,633 stores that sold fuel 1,107, or 67.8%, were branded under the Marathon, BP, CITGO , Chevron , Shell , Texaco, ExxonMobil and ConocoPhillips brand names. It purchases fuel and diesel fuel from oil companies under supply agreements. It purchases the fuel at the stated rack price, or market price, quoted at each terminal as adjusted per the terms of applicable contracts. It purchases its private branded gallons from CITGO Petroleum Corporation (CITGO) and Marathon Petroleum Company, LLC (Marathon). During fiscal 2011, its fuel revenues were 78.1% of its total revenues.
Company Address
The Pantry Inc
305 Gregson Drive,
P.O. Box 8019
CARY NC 27511
P: +1919.7746700
F: +1302.6365454
Company Web Links
| Name | Compensation |
|---|---|
Edwin Holman |
570,974 |
Dennis Hatchell |
1,976,720 |
B. Clyde Preslar |
-- |
Paul Lemerise |
995,764 |
Thomas Carney |
1,093,540 |

