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Report Updated: 2009-03-14
Bid Due Date: 0000-00-00
Public/Private: Public
Project Type: Retail
Value: $- M
Description:

The Pantry, Inc.
1801 Douglas Drive
Sanford, NC 27330
Tel: 919-774-6700
Fax: 919-774-3329

Website: http://www.thepantry.com

The Pantry, Inc. is a leading operator of convenience stores in the Southeastern region of the United States. As of December 25, 2008 or the first quarter ended in its fiscal 2009, The Pantry, Inc. operated a total of 1,648 convenience stores in eleven states in the Southeast under their primary brand Kangaroo Express. The number of convenience stores in those states are as follows: 449 convenience stores in Florida, 384 convenience stores in North Carolina, 283 convenience stores in South Carolina, 133 convenience stores in Georgia, 104 convenience stores in Tennessee, 99 convenience stores in Mississippi, 81 convenience stores in Alabama, 50 convenience stores in Virginia, 30 convenience stores in Kentucky, 26 convenience stores in Louisiana, and 9 convenience stores in Indiana. In addition to selling gasoline and general merchandise products through its retail stores, The Pantry, Inc. operated a total of 238 quick service restaurants and 281 car wash facilities within their retail locations as of December 25, 2008. Some of the fast food restaurant names they operate with are Subway, Quiznos, Hardee's, Krystal, Church's, Dairy Queen, Baskin-Robbins, and Bojangles. The Pantry, Inc. management anticipates spending roughly $110 million in capital expenditures related to the new construction of its convenience stores and for remodeling exisiting stores, and for store equipment and technology initiatives. For the fiscal 2008 year, The Pantry, Inc. opened 12 new stores and remodeled 15 stores and had 2 rebuilds. The company is planning to construct 4 new larger format stores in 2009.

11 Key Executives Listed and 9 Key Contacts of GC's, Architects, or Developers

Peter J. Sodini, President, CEO, and Chairman
Frank G. Paci, Senior VP of Finance and CFO
Director of Real Estate
Director of Store Planning
Senior VP of Human Resources
Senior VP of Fuels
Senior VP of Business Development
Senior VP of Field Operations
VP of Food Service
VP of Information Technology
VP of Store Development

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