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The Pantry posts loss in Q2


Cary, N.C. The Pantry announced Tuesday it recorded a net loss for the second quarter ended March 25 of $166.1 million.

The results included non-cash impairment and other non-cash charges. Adjusted results for the quarter were a loss of $6,000, compared with a profit of $3.8 million a year ago.

Revenues increased 5.1% overall and 3.6% on a comp-store basis from the year-ago period.

The convenience store chain operates 1,647 stores in 11 states mainly under the banner Kangaroo Express.

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