Clarification: Western Refining Quarterly Results
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.
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.