Fourth quarter Adjusted EBITDA1 of $428 million and full year Adjusted EBITDA of $1,690 million| www.parkland.ca
The reductions are one of many “targeted cost-saving initiatives” the retailer implemented over the past year as a means to offset declines sparked by economic headwinds.| C-Store Dive
It marks the second time in the past week that one of the retailer’s investors has pushed for this change in order to boost returns.| C-Store Dive
The planned divestment includes nearly half of the company’s U.S. retail sites as it continues to offload more than $500 million in non-core assets.| C-Store Dive
Facing investor pressure to restructure, the company has decided to offload retail sites and logistics assets that no longer align with its core business.| C-Store Dive
Simpson Oil, which owns nearly a fifth of the c-store and fuel company’s shares, is the second major shareholder calling for operational changes.| C-Store Dive
The Canadian retailer is selling its Florida operations amid ongoing economic headwinds. Could the rest of its American business follow suit?| C-Store Dive
Convenience store news for industry leaders. Covering foodservice, fuels, tech and more.| www.cstoredive.com