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The Pantry swings to profit in Q3

8/3/2010

Cary, N.C. C-store chain The Pantry reported Tuesday that it recorded net income of $18 million for the quarter ended June 24, compared with a loss of $749,000 in the year-ago period.

Merchandise revenues for the third quarter increased 8.8%. Same-store sales rose 7.7%.

The Pantry operates 1,641 stores in 11 states primarily under the Kangaroo Express banner.

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