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Briefcase

CARLISLE

Duncansville store

reaches zero waste

As part of its ongoing sustainability efforts and commitment to healing the planet, The Giant Co. on Thursday announced four additional stores in Pennsylvania — including the Martin’s Food Market in Duncansville — have reached zero waste, meaning 90 percent or more of a store’s total waste is being diverted from a landfill or incineration.

Recycling procedures have been implemented throughout these four stores with team members carefully monitoring what is being sent to the trash compactor so nothing gets thrown away that could potentially be recycled or donated. This includes ensuring no cardboard is labeled as garbage, filling designated bins with food waste and scraps for organic recycling, and collecting plastic bags, plastic film, and empty pharmacy pill bottles to be sent back to the company’s recycling center.

WYOMISSING

Penn National Gaming reports loss of $213.9M

Penn National Gaming Inc. on Thursday reported a second-quarter loss of $213.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Wyomissing-based company said it had a loss of $1.69.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $2.06 per share.

The casino operator posted revenue of $305.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $232.7 million.

Penn National Gaming shares have increased 50% since the beginning of the year. The stock has more than doubled in the last 12 months.

DALLAS, Texas

Energy Transfer LP: 2Q misses Street expectations

Energy Transfer LP on Wednesday reported second-quarter net income of $353 million.

The Dallas-based company said it had profit of 13 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The energy-related services provider posted revenue of $7.34 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $11.6 billion.

Energy Transfer LP shares have decreased 44% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.15, a decline of 46% in the last 12 months.

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