Business CommentaryTA’s net loss of $14.2 million for the first quarter of 2012 reflected an improvement of $2.4 million as compared to the net loss in the 2011 first quarter. TA’s results also reflected improvement in EBITDAR, which increased by $5.2 million, or 11.6%, in the 2012 first quarter compared to the 2011 first quarter. TA’s fuel sales volume increased by 11.8 million gallons, or 2.4%, in the 2012 first quarter compared to the 2011 first quarter. During the first quarter of 2012, TA experienced a 0.5% decrease in same site fuel sales volume, compared with the first quarter of 2011. TA believes this decrease is a result, in part, of capital projects in 2012 to replace fuel dispensers and install diesel exhaust fluid dispensers that required TA to take certain diesel dispensers out of service during the period. Nonfuel revenues for the 2012 first quarter increased $22.8 million, or 8.0%, above the 2011 first quarter. Total gross margin increased $13.8 million, or 6.1% in the 2012 first quarter above the 2011 first quarter. The improved results in the first quarter of 2012 compared to 2011 resulted, in large part, from the travel centers opened since April 1, 2011, increased fuel margin per gallon and increased customer spending on nonfuel products and services in TA’s travel centers.
TravelCenters Of America LLC Announces First Quarter 2012 Results
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