Thank you, Maura.
and us joining I appreciate us. the for thank be this with always, to making schedule We As and your you morning. everyone Maura time
highlights second review will on what and detail the for in updates today’s the I I financial operating calls. few also provide through Maura on results. then a previous to I will briefly quarter. provided market color will the call, other the During go similar more
results. Now, I turn X, operating to our review if you slide will briefly
increase XXXX, declined million quarter fuel the margin, XXXX. $XX.X decline in the decrease profit fuel a an was second quarter wholesale of to a $XX of second compared million The segment to X% by Wholesale quarter the $XX.X XXXX. by gross wholesale in offset our profit For fuel $XX.X in was gross gross in volume. decrease partially the second driven million of million, profit to of of X% when compared
quarter per wholesale from the gallon the for declined second fuel quarter gallon X% per $X.XXX of in to XXXX second margin XXXX. $X.XXX Our of
compared by on were oil lower year, result decrease the the margin during Crude the was fuel the during decrease the purchased primarily quarter discount the of certain value dollar prices and terms the of cost the driven gallons motor in fuel lower to year-over-year quarter during and of the corresponding prior in quarter.
Although success cost in not we our our sourcing to also continued costs, the the we during efforts this continued fuel results lower product. quarter in from benefit had of and directly improved quarter, evident to
to the our of certain of to trade. XXXX Community quarter to Stations conversion dealer XXXX. the the in of class the partially compared retail due Service assets volume of same of second million the of during largely compared in was integration XXXX, to quarter XXXX by the acquired when in increase second quarter gallons X% offset lessee fourth for million locations wholesale XXX.X XXX.X Our volume the period was gallons The
points approximately the XX the quarter, segment year-over-year. basis wholesale our up same-store For was volume in
same-store If the first you recall, for in wholesale X%. segment the volume was approximately quarter, down
the sequential first our relative volume to same-store So, basis a the quarter an represent in results second quarter. improvement on
the volume, quarter entire overall first sequential was since the quarter-end, our quarter, same-store portfolio, a been flat improvement volume year-over-year the a the essentially down has volume approximately In X% quarter was basis. on for for from which Across represents same-store the approximately period which down segment our second wholesale also same-store X%.
X% my driven X%, which the on strong segment, in Our overall retail been by the volume elaborate end same-store since I has comments. will performance up later to quarter approximately in
wholesale for sites quarter on lessee of to these year later rent, to company-operated our more in detail compared I’ll slight to my $XX.X comments. the $XX.X was Regarding million our prior the rent conversion base of due a million, provide locations. certain the conversions decrease dealer
decrease a our [Technical class in of to from changes a business. in to income rental trade the continues Aside rent income stream Difficulty] our durable due be steady
the the second during very XX% when well of XXXX. increased or profit segment $XX.X retail million Our quarter quarter as gross to performed compared
the fuel period motor for gross profit both XX% XXXX. same to compared quarter increased gross the profit Our and in when merchandise our
For of volume X% retail our for year-over-year. We quarter basis, of during on second early weeks the volume a volume strong the the last year. had same-store performance declined quarter
period. the prior wholesale So, the the since quarter up this the quarter-end, data. numbers and comparison X% the of the with decline has EIA solid National outperforming the same-store same-store year-over-year, volume to segment in is period In due been volume approximately
cents fuel on On I our up pricing my efforts year-over-year was were the for market front, both wholesale X% and earlier sourcing gallon retail the favorable comments our our our as margin lower the noted factors costs. macro success micro quarter. fuel margin per on a to and basis in
of fuel in third our period from generally been than the efforts benefit lower lower results the quarter the the retail last retail from end, somewhat since also segment We and fuel year. of as extraordinary fuel margins margin In than the have second the quarter these quarter well. margins
Inside sales, higher The cigarettes, particularly increased X% a on beer, relative snacks packaged in X% food our inside year-over-year beverage, year. approximately sales sales, categories. strong on same-store categories, were last and most the to excluding For was performance several basis. approximately sales inside driven up across notably same-site sales basis, a by
initiatives due place in prior to the strong sales sales the X% we was quarter the was certain are improvement store points up approximately pricing, margin On product as margin categories in inside our to higher-margin In promotions. margin XXX year-over-year. performance have year. basis the end, front, sourcing since regards over same-store and in well as period up The
In This you the at count will sites, our are approximately look sites dealer from sites. increase we year. certain up sites prior segment, if is due see that our conversion unit retail retail to lessee to for you company-operated XX of company-operated primarily our
side. also have lessee to convert part a strategy company-operated company-operated We dealer conversions converted some sites. certain are locations a commission with to extent, to to our of lesser sites of These upside
the to with perform some or dealers We of the have to in dealer Either these believe unable are contract. convert unwilling sites’ to way, and contract generate cases, retail can an renew profitability lessee terms through the from operations, the for value fails accordance long-term when we operating convert we these when sites expiring enhance more locations sites to or, ability in the ourselves. the we sites that
is there and the converting comments. will to potential. in in provide While more color to minimal Maura expenses expense company-operated long-term these generally incremental on expense locations retail, EBITDA is proportion value-creation the the in her
company-operated trade forward. We of expect retail to our continue class to of footprint through conversions going types these expand
were quarter sales, store all for Overall, store year. our and margins segment the as prior it fuel retail up margin a retail to relative was positive
in performing year and priority last Recycling second a as our to to the our compared volume strong a been evaluate down we while national for data. to gallons, have year, portfolio capital last be quarter constantly sites. since well quarter Same-store continues us relative end,
with capital existing long-term During properties through potential divested in maximize better $X.X evaluating the our used in divest six assets. reduce where to sites’ invest or locations million be we opportunities We our can second our the the to elsewhere we sites quarter, a either leverage that from growth for to seek proceeds. determined compelling to within value goal
over financial turn review. it will a to I for detailed that, Maura With more
