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February 25, 2014
09:03 EDTPTRYJCP Investment, Lone Star expresses disappointment in The Pantry through letter
In a letter to The Pantry shareholders, JCP Invesment Management and Lone Star Value said, "We, the shareholders of The Pantry, deserve change. We are seeking to replace the Chairman of the Board, Ed Holman, the Chairman of the Corporate Governance and Nominating Committee, Tom Murnane and the Chairman of the Compensation Committee, Robert Bernstock, who have overseen this destruction of value while collectively receiving more than $3.9 million in director compensation in the last 6 years."
News For PTRY From The Last 14 Days
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July 31, 2014
08:26 EDTPTRYThe Pantry price target raised to $22-$24 from $19-$21 at Wells Fargo
Wells Fargo increased its price target on The Pantry after the company reported higher than expected Q3 EPS. The firm thinks the results indicate that the company's turnaround is working and it thinks the company's merchandising trends will continue to improve. The firm keeps an Outperform rating on the shares.
July 30, 2014
07:17 EDTPTRYThe Pantry sees FY14 merchandise gross margin 34%-33.8%
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07:16 EDTPTRYThe Pantry sees Q4 merchandise gross margins 33.7%-34.2%
Sees Q4 merchandise sales $479M-$489M.
07:11 EDTPTRYThe Pantry reports Q3 EPS ex-items 64c, consensus 35c
Reports Q3 revenue $2.02B, consensus $1.95B. Reports Q3 SSS up 2.3%.

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