December 22, 2008

PANTRY INC: Reserves $19.9M for Remediation, Litigation Costs

COMPANIES: Pantry Inc, The
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The Pantry, Inc., as of Sept. 25, 2008, had environmental reserves of about US$1.1 million in other accrued liabilities and US$18.8 million in other noncurrent liabilities.

These reserves represent the Company’s estimates for future expenditures for remediation, tank removal and litigation…

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TOPICS: Automobiles | Earnings | Legal Issues, Litigation | Loans & Financing | Retailing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: North Carolina | United States