Improved Retention Rate
The total company retention rate has improved by nearly 20% since the launch of the strategic plan.
Acquisition Expansion
On track to close the Fresh Encounter deal, adding 49 stores and expanding the footprint in Ohio and Indiana, and the acquisition of Markham Enterprises, consisting of 3 fuel centers and convenience stores in Michigan.
Military Channel Growth
The military channel has grown sales over the past 11 consecutive quarters, continuing to bolster growth.
Retail Segment Growth
Retail business grew 1.9%, bolstered by incremental sales from the recently acquired Metcalfe's stores.
Higher Wholesale Adjusted EBITDA
Wholesale adjusted EBITDA increased by 14.8% to $44.8 million compared to last year's $39 million.
Strong Liquidity and Cash Flow
Generated $123.3 million of cash from operating activities, an increase of more than 28% compared to the same period last year, with liquidity at about $500 million.