The company states: "Third quarter to date performance remains consistent with our expectations for the full year. Specifically, same-store inside sales for the quarter are in the lower half of our annual range of a 5-7% increase. Same-store fuel gallons for the quarter are near the low end of the annual range of a flat to 2% increase. Third quarter to date fuel margins are similar to our reported second quarter fuel margins. Excluding the non-recurring item below, total operating expense growth is expected to be near the low end of the annual range of a 9-10% increase. During the quarter the company received an approximately $15 million one-time payment from the resolution of certain legal matters. These proceeds will be recorded as a reduction to operating expense in the quarter and they were not included in the previous operating expense guidance for the third quarter or the fiscal year."
Published first on TheFly
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