| Business Summary | | Dairy
Mart
Convenience
Stores
Inc.
operates
as
a
regional
convenience
store
chain.
As
of
May
2001,
the
Company
operated
or
franchised
547
stores
under
the
"Dairy
Mart"
name
in
seven
states
located
in
the
Midwest
and
Southeast
United
States.
Of
these
stores,
103
are
franchised.
In
December
2000,
the
Company
announced
a
review
of
its
strategic
alternatives,
including
the
possible
sale
of
the
Company.
Dairy
Mart
stores
offer
a
range
of
products
and
services
that
cater
to
the
convenience
needs
of
its
customer.
The
stores
are
generally
free-standing
structures
that
are
well-lit
and
designed
to
encourage
customers
to
purchase
high
profit
margin
products,
such
as
deli
items,
coffee,
fountain
drinks
and
other
fast
food
items. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dairy
Mart
Convenience
Stores,
Inc.
operates
or
franchises
564
stores
under
the
name
Dairy
Mart
in
seven
states
located
in
the
Midwest
and
Southeast.
For
the
13
weeks
ended
5/5/01,
revenues
fell
6%
to
$161.7
million.
Net
loss
totaled
$7.7
million,
up
from
$2.9
million.
Revenues
reflect
the
sale
or
closure
of
29
underperforming
stores
and
a
reduced
volume
of
gasoline
sold.
Loss
also
reflects
increased
depreciation,
occupancy
and
severance
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| J. Kermit Birchfield, Jr., 60 Chairman | -- | -- | Gregory Landry, 42 Pres,
CEO, Director | $311K | $6.1K | Gregg Budoi CFO,
VP-Fin., Treasurer | -- | -- | J. Wayne Colley, 54 Exec.
VP, COO | -- | -- | Dennis Tewell, 43 Sr.
VP of Marketing | 158K | -- | Dollar
amounts are as of 29-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|