CST Brands Q1 EPS Rises - Quick Facts

(RTTNews) - CST Brands, Inc. (CST), an independent retailer of motor fuels and convenience merchandise, Friday said its first-quarter net income increased to $14 million or $0.18 per share from $11 million or $0.14 per share in the previous year.

The company attributed the profit growth to a significant increase in motor fuel gross profit during the quarter.

Adjusted net income would have been $16 million, or $0.20 per share. On average, six analysts polled by Thomson Reuters expected earnings of 0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues decreased to $2.215 billion from $3.0 billion, primarily due to a decline in the per gallon average selling price for both the U.S. Retail and Canadian Retail segments. Analysts expected revenues of $2.41 billion.

Kim Lubel, Chairman and CEO, said, "Led by a strong U.S. fuel margin along with continued growth in same store merchandise sales, both in the U.S. and Canada, we delivered solid results for the first quarter of 2015. The momentum in inside store traffic has positioned us well for the upcoming summer driving season."