The Pantry released preliminary third quarter financial results Wednesday that were slightly above the company's own guidance for the quarter.
Comparable store merchandise sales were up 3.6 percent while total merchandise sales were $476 million. The Cary convenience store chain expects income from operations of between $40 million and $45 million.
The Pantry has more than 1,600 stores throughout the Southeast, primarily under the Kangaroo Express brand.
The company reported a wider net loss in the second quarter as the convenience store chain was hurt by higher gasoline prices.
Last week, The Pantry said that it is was seeking to refinance more than $700 million in debt.
The Pantry shares opened trading Wednesday at $15.29. The stock is up 28 percent this year.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or