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Stock impact report

Murphy USA sees drop in full-year revenue despite merchandise gains [Yahoo! Finance]

Murphy USA Inc. (MUSA) 
Last murphy usa inc. earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: Murphy USA's full-year revenue last year dropped by $1.3 billion , or 6%, compared to 2023, according to the c-store retailer's annual report released on Thursday. Murphy said the decrease in revenue was primarily due to lower average retail fuel sales prices. Late last year, the average price of gasoline in the U.S. dipped below $3 per gallon for the first time since April 2021. These results come a couple weeks after Murphy's leadership called 2024 a “disappointing” year when it underdelivered against the number of new-to-industry and remodeled locations it hoped to build. Dive Insight: This marks the second straight year in which Murphy's full-year revenue has fallen. Between 2022 and 2023, the retailer's full-year revenue dropped 8.2% , which it also pinned on low retail fuel prices. In 2022, Murphy saw its full-year revenue grow 35% on the heels of its acquisition of QuickChek. Murphy also saw net income fall by nearly 10%. In addition to low fuel prices, Show less Read more
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