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Pantry CEO appears on CNBC's "Fast Money"

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Pantry CEO Terrance Marks appeared on CNBC's "Fast Money" this afternoon, chatting about the company's strategy, upcoming quarter and future acquisition possibilities.

The interview came at an interesting time for the company, with its stock price rising more than 68 percent since the beginning of the year and speculation by some analysts that The Pantry may soon be targeted by other companies for an acquisition.

Marks, who took over as CEO of the Cary-based chain of more than 1,600 convenience stores about a year ago, addressed a number of questions on varying topics. Among the highlights, he said:

*Merchandise sales reamin strong in the current quarter and that so far the company has received no price increases from vendors related to increases in commodity prices.
*That the usually narrow margins on gasoline remain particularly volatile.
*The company has considered recharging stations for electric vehciles, but "I think it's clear we will be dealing with fossil fuels for quite awhile."
*And on the possibility that The Pantry may be the target of an acquisition effort by another chain: "We plan to be a net acquirer. ... But in the end it's all about creating value for our shareholders."

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About the blogger

Retail reporter Sue Stock came to the N&O in 2004 and has been covering retail and shopping in the Triangle since then. She is the author of the popular Taking Stock blog and the weekly Retailing column. Contact Sue at 919-829-4649 or e-mail her.
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