High Oil Prices Could Crimp Convenience Store Margins

Everyone knows to stock up on bread and milk before a snowstorm, but consumers have been just as eager to buy chocolate and breakfast sandwiches after they were done shoveling. The latter two items were standouts at convenience stores last month, which also saw traffic quickly bounce back after January’s snow and ice. Consumers are being choosy with what they buy, but overall, most of the major food categories saw their sales improve over the last three months.