Delek (DK) Q1 Loss Narrower Than Expected, Sales Decline Y/Y

Merchandise sales of $70.7 million declined from the year-ago quarter's reported figure of $73.9 million. The figure also marginally missed our estimate by 0.1 %. The merchandise margin increased to 33.5% from the year-ago quarter's reported figure of 33%. Delek US Holdings, Inc. (DK) reported first-quarter 2024 adjusted net loss of 41 cents per share, narrower than the Zacks Consensus Estimate of a loss of 56 cents per share, owing to lower year-over-year operating costs. However, the figure deteriorated f ...