Clarification: Western Refining Quarterly Results

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Clarification: Western Refining Quarterly Results

08/11/2009
NEW YORK -- Western Refining Southwest Inc. reported quarterly operating income for its retail segment was $4.1 million, which showed an increase from 2.6 million the year prior, excluding a non-cash loss from the impairment of goodwill of approximately $27.6 million.

Fuel gallons sold were 52.2 million for the quarter, compared to 52.9 million the year before. Merchandise sales were $49.3 million, compared to $47.9 million during the same time period last year.

The company reported a merchandise margin of 28.7 percent, up from 28.1 percent for the period in 2008.