The results were helped by lower fuel costs as well as higher income tax benefit. Total revenues of the company decreased to $2.022bn from $2.091bn a year ago.

The Pantry recorded net income of $1m, compared with net loss of $4.8m a year earlier. The cost of fuel-related goods sold declined to $1.498bn from $1.577m a year earlier.

Comparable store merchandise revenue increased 2%. Merchandise gross margin was 34.3% compared to 34.6% in the prior year quarter.

Excluding certain items, the profit of the company was $1.4m, compared with a loss of $2m a year ago.

For the three months to September, adjusted EBITDA declined to $49m from $52.8m a year earlier.

The Pantry operates convenience stores in the US. The product portfolio includes food and non-food items such as cigarettes, beer and wine, confectionery, dairy products, fast food, groceries, newspapers and magazines, packed beverages, snacks and tobacco.

As of February 2013, the company operated 1,571 stores in 13 states of the US, under the banner Kangaroo Express.