- Language: English
- Published: February 2014
Summary: The Pantry Inc. Jan 13
- ID: 2384431
- January 2013
- Standard & Poors
The ratings on Cary, N.C.-based convenience store operator The Pantry Inc. reflect Standard & Poor's Ratings Services' view that credit metrics should remain consistent with our assessment of a "highly leveraged" financial profile because of its elevated, but declining, debt levels and cash flow volatility associated with its dependence on fuel prices. Our view of the company's business risk profile as "weak" incorporates its participation in the fragmented and highly competitive convenience store industry, exposure to volatile fuel costs that could affect performance measures, and geographic concentration in the Southeastern U.S. Pantry recently appointed a new chief financial officer, but we do not anticipate a change in financial policy in the next year. The company recently reduced debt with existing...
Companies mentioned in this report are:
- The Pantry Inc.
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- The Pantry Inc.