TravelCenters of America Opens New Popeyes(R) Louisiana Kitchen Restaurant in Gadsden, Alabama
Aug 5 14
TravelCenters of America LLC, operator of the TA(R) and Petro Stopping Centers(R) travel center brands, has announced the opening of a new Popeyes(R) Louisiana Kitchen restaurant at Petro Gadsden, located at I-59, Exit 181 (1724 West Grand Ave.), in Gadsden, Alabama. Guests at the new Petro Gadsden Popeyes will enjoy the Louisiana-style cooking that has made Popeyes famous. This location will serve the full menu, including Popeyes signature BONAFIDE(R) spicy or mild chicken, Butterfly Shrimp and sandwiches, as well as signature side dishes like Red Beans and Rice, Mashed Potatoes and Cajun Gravy, and gourmet sauces and desserts. The new Popeyes expands the full-service offering at this location with a seated dining option.
TravelCenters of America LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
Jun 9 14
TravelCenters of America LLC reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported total revenue of $1,906,530,000, loss from operations of $11,259,000, loss before income taxes of $16,925,000, net income of $11,975,000 or $0.39 per basic and diluted share against total revenue of $1,925,195,000, loss from operations of $171,000, loss before income taxes of $2,644,000, net loss of $2,459,000 or $0.08 per basic and diluted share a year ago. Adjusted EBITDAR for the fourth quarter of 2013 increased by approximately $2.6 million, or 3.9%, to $68.2 million, versus EBITDAR for the 2012 fourth quarter of $65.6 million. The increase in Adjusted EBITDAR is primarily attributable to an increase in fuel gross margin per gallon, which was $0.169 during the 2013 fourth quarter versus $0.157 during the 2012 fourth quarter. The increase in net income is primarily due to the $29.9 income tax benefit from the reversal of TA's valuation allowance on most of its deferred tax assets, partially offset by the $10 million litigation settlement described above and an increase in depreciation and amortization expense attributable to acquisitions and other capital investments TA has made during 2012 and 2013 and the related acquisition and financing costs. Adjusted EBITDAR was $68,162,000 against $65,598,000 a year ago.
For the year, the company reported total revenue of $7,944,731,000, income from operations of $21,190,000, income before income taxes of $2,331,000, net income of $31,623,000 or $1.06 per basic and diluted share against total revenue of $7,995,724,000, income from operations of $41,470,000, income before income taxes of $31,812,000, net income of $32,198,000 or $1.12 per basic and diluted share a year ago. EBITDAR was $289,589,000 against $293,023,000 a year ago. Adjusted EBITDAR was $289,589,000 against $293,023,000 a year ago. During the year ended December 31, 2013, the company made capital expenditures of $164.2 million.