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pantry 1999AR
The Pantry had a very successful fiscal year 1999, achieving strong growth and financial results. They completed several major acquisitions, expanding their store count to 1,274 stores across 8 states. Total revenues increased 71% to $1.68 billion from fiscal year 1998. Net income was $14 million compared to $4.67 million in 1998. The company's IPO in June 1999 strengthened their balance sheet and allowed them to continue an aggressive acquisition strategy to take advantage of opportunities in the fragmented convenience store industry.
