What guidance did CrossAmerica's management provide for the next earnings period?

What is the market's earnings forecast for CrossAmerica next quarter?

Did CrossAmerica beat or miss consensus estimates last quarter?

What factors drove the changes in CrossAmerica's revenue and profit?

What is the revenue and EPS growth rate for CrossAmerica year over year?

What is CrossAmerica's gross profit margin?

What is CrossAmerica's latest dividend and current dividend yield?

What does CrossAmerica do and what are its main business segments?

- **Revenue Decline**: Retail (-4%) and Wholesale (-10%) segments underperformed due to lower fuel margins and volume declines.
- **Inside Sales Growth**: 4% same-store growth (excluding cigarettes) driven by higher-margin categories.
- **Asset Sales Impact**: $100M YTD proceeds reduced debt by $62M, lowering leverage to 3.56x.
- **Expense Efficiency**: 6% YoY decline in operating expenses, with G&A down 11%.
- **Liquidity Strength**: Distributable cash flow stable at $27.8M, supported by reduced interest costs.

**【Management Opening Remarks】**
- Maura Topper provided an overview of the call structure, emphasizing operational and financial highlights for Q3 2025. She reminded listeners of the risks associated with forward-looking statements and non-GAAP measures.

**【CEO Operational Summary】**
- **Retail Segment**: Gross profit declined 4% to $80 million due to lower fuel margins ($0.384 vs. $0.406 per gallon) and 4% volume decline. Inside sales grew 4% (3% excluding cigarettes), driven by higher-margin categories like packaged beverages and food. Same-store volume underperformed national demand (-2.5% vs. -2.5% market decline). Site divestitures reduced company-operated sites by 8 and commission sites by 3.
- **Wholesale Segment**: Gross profit fell 10% to $24.8 million due to 5% volume decline and margin contraction. 177.7M gallons sold (-5% YoY). Asset sales generated $22M, reducing debt by $21.5M and lowering leverage to 3.56x (from 4.36x YoY).
- **Strategic Actions**: Sold 29 sites for $100M YTD, exceeding prior-year asset sales. Focused on optimizing portfolio for long-term success.

**【CFO Financial Commentary】**
- **Net Income**: $13.6M (vs. $10.7M YoY), driven by $7.4M asset sale gains and $1.3M interest expense decline.
- **Adjusted EBITDA**: $41.3M (-6% YoY), offset by $4M expense savings.
- **Distributable Cash Flow**: $27.8M (flat YoY) due to lower interest and capex.
- **Liquidity**: Reduced revolver balance to $705.5M, improving coverage ratio to 1.39x.
- **Expense Management**: Operating expenses down 6% ($57.5M vs. $60.7M YoY), with G&A down 11% and site-level costs optimized.

**【Q&A Highlights】**
- No questions were asked during the session.

CrossAmerica Partners LP Common Units (CAPL) Q3 2025 Earnings Call Transcript

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Retail

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