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ALBUQUERQUE, N.M. -- Bowlin Travel Centers has seen a 15.4 percent increase in net sales, totaling $16.69 million, for the first half of fiscal 2007. Bowlin reported $14.46 million for the same six-month period last year.
Net sales for the second quarter of fiscal 2007 increased 10 percent to $9.14 million, compared to $8.31 million for the second quarter of 2006.
While the company is pleased with the quarter, it will seek to improve further. "We are pleased with our performance particularly in light of higher gasoline prices that have affected the traveling public. We will maintain our focus on operational improvements which includes volume buying for improved margins and maintaining our supervisory support programs," said Michael L. Bowlin, chairman, president and CEO of Bowlin Travel Centers.
A decrease in basic and diluted earnings per share, from $.10 to $.08 per share, was the result of a non-operating gain of $206,000 that was reported in the second quarter for fiscal year 2006.
Bowlin Travel Centers are located on interstate highways throughout the Southwestern U.S. that use co-branding agreements with national companies.