For the 2011 fourth quarter, Travel Centers of America had a net loss of $2.5 million. This is, however, an improvement compared to the net loss of $30 million in the 2010 fourth quarter.
The improvement was primarily from increases in fuel and nonfuel sales and gross margin levels, and from a reduction in rent and interest expenses as a result of a January 2011 lease amendment with Hospitality Properties Trust, or HPT.
There was a net loss of 9 cents per share compared to a net loss of $1.71 per share in 4Q 2010.
Fuel sales volume and fuel gross margin increased by 1.2% and 22.1%, respectively, in the 2011 fourth quarter as compared to the 2010 fourth quarter.
Nonfuel sales and gross margin for the 2011 fourth quarter increased 10.0% and 8.4% over the 2010 fourth quarter, respectively.
For the full year, TA had a net income of $23.6 million compared to a net loss of $66.7 million in 2010. Revenue for the year was 7.9 billion compared to 5.9 billion in 2010. Net income per share for the year was 98 cents compared to a net loss per share of $3.84 in 2010.
As of Dec. 31, 2011, TA's business included 237 sites, 168 of which were operated under the TravelCenters of America or TA brand names and 69 of which were operated under the Petro brand name.
The improvement was primarily from increases in fuel and nonfuel sales and gross margin levels, and from a reduction in rent and interest expenses as a result of a January 2011 lease amendment with Hospitality Properties Trust, or HPT.
There was a net loss of 9 cents per share compared to a net loss of $1.71 per share in 4Q 2010.
Fuel sales volume and fuel gross margin increased by 1.2% and 22.1%, respectively, in the 2011 fourth quarter as compared to the 2010 fourth quarter.
Nonfuel sales and gross margin for the 2011 fourth quarter increased 10.0% and 8.4% over the 2010 fourth quarter, respectively.
For the full year, TA had a net income of $23.6 million compared to a net loss of $66.7 million in 2010. Revenue for the year was 7.9 billion compared to 5.9 billion in 2010. Net income per share for the year was 98 cents compared to a net loss per share of $3.84 in 2010.
As of Dec. 31, 2011, TA's business included 237 sites, 168 of which were operated under the TravelCenters of America or TA brand names and 69 of which were operated under the Petro brand name.
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