TravelCenters Of America LLC Announces Second Quarter 2013 Results

TravelCenters of America LLC (NYSE: TA) today announced financial results for the three and six months ended June 30, 2013.

At June 30, 2013, TA’s business included 247 locations in 42 U.S. states and in Canada operating under the “TravelCenters of America”, “TA”, “Petro Stopping Centers”, or “Petro” travel center brand names and other brand names. TA’s results were:
    Three Months Ended

June 30,
    Six Months Ended

June 30,
2013   2012 2013     2012
(in thousands, except per share amounts)
 
Revenues $ 2,018,754   $ 2,041,507 $ 3,976,105 $ 4,036,376
Net income $ 15,984 $ 29,852 $ 3,845 $ 15,667
 
Net income per share:
Basic and diluted $ 0.54 $ 1.04 $ 0.13 $ 0.54
 
Supplemental Data:
Retail fuel sales volume (excluding wholesale) gallons 515,337 505,729 1,005,148 995,517
Total fuel revenues $ 1,635,400 $ 1,689,007 $ 3,260,507 $ 3,372,200
Fuel gross margin $ 89,812 $ 96,137 $ 166,740 $ 164,583
 
Total nonfuel sales $ 380,041 $ 348,743 $ 709,235 $ 656,897
Nonfuel gross margin $ 208,103 $ 194,329 $ 391,932 $ 365,713
Nonfuel gross margin percentage 54.8 % 55.7 % 55.3 % 55.7 %
 
EBITDAR (1) $ 86,618 $ 94,115 $ 143,586 $ 143,821
 

(1) A reconciliation that shows the calculation of earnings before interest, taxes, depreciation, amortization and rent, or EBITDAR, from net income determined in accordance with U.S. generally accepted accounting principles, or GAAP, appears in the supplemental data below.

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