Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 115

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 115
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 gallon, before deducting credit card fees and commissions
     
    $
    0.368

    $
    0.369

    $
    0.396

    Company operated site statistics:

    Average retail fuel sites

    354

    283

    253

    Margin per gallon, before deducting credit card fees
     
    $
    0.394

    $
    0.400

    $
    0.426

    Merchandise gross profit percentage

    28.2
    %

    28.4
    %

    27.2
    %

    Commission site statistics:

    Average retail fuel sites

    215

    193

    199

    Margin per gallon, before deducting credit card fees and commissions
     
    $
    0.309

    $
    0.306

    $
    0.336

(a)The increase in the company operated site count from December 31, 2023 to December 31, 2024 was primarily attributable to the conversion of certain lessee dealer and commission agent sites to company operated sites.

(b)The increase in the commission agent site count was primarily attributable to the conversion of certain lessee dealer sites to commission agent sites, partially offset by the conversion of certain commission agent sites to company operated sites.

Year Ended December 31, 2024 Compared to Year Ended December 31, 2023

Gross profit increased $36 million (14%) and operating income decreased $3.2 million (3%). These results were driven by:

Gross profit

•Our motor fuel gross profit increased $12 million (9%) attributable to a volume increase of 9% due primarily to an increase in the average retail site count due to the conversion of certain lessee dealer sites to company operated and commission agent sites, partially offset by a decrease in volume in our base business.

•Our merchandise gross profit and other revenues increased $20 million (22%) and $3.7 million (23%), respectively, driven by an increase in the average company operated site count due to the conversion of certain lessee dealer and commission agent sites to company operated sites.

Operating expenses

Operating expenses increased $39 million (25%) driven by a 25% increase in the average company operated site count due to the conversion of certain lessee dealer and commission agent sites to company operated sites.

44

Wholesale

The following table highlights the results of operations and certain operating