“During the third quarter of 2013, we continued to successfully execute on our business strategy. Both fuel gross margin per gallon and EBITDAR increased year over year, and we continue to make progress acquiring new travel center sites and integrating them into our nationwide network.“Net income this quarter was lower than last year, but this was largely the result of higher depreciation and interest costs in 2013 stemming from recently acquired sites. Our plan is to offset these costs as the operations at these sites are improved and begin to achieve financial results similar to our other travel centers. Also, during the second and third quarters of 2013, TA’s primary competitors engaged in aggressive sales efforts to maintain and grow market share, which negatively impacted our fuel sales volume and fuel gross margin per gallon during the period. These aggressive sales efforts by our competitors appear to have abated somewhat in the third quarter versus the second quarter.”
TravelCenters Of America LLC Announces Third Quarter 2013 Results
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