Citi Reports Decline in Convenience Store Beverage Sales Amid Rising Fuel Prices

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Citi analyst Filippo Falorni reported that third-quarter convenience store sales dropped 2.1% in dollars and 5.1% in volume compared to the previous year, a decline he attributed to rising fuel prices and increased financial pressure on lower-income consumers. This cooling in the convenience channel, which has underperformed the broader retail market since…

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