TravelCenters of America LLC (TA) saw its loss widen to $29.42 million, or $0.74 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $9.94 million, or $0.26 a share. Revenue during the quarter grew 20.95 percent to $1,390.77 million from $1,149.82 million in the previous year period. Gross margin for the quarter contracted 478 basis points over the previous year period to 24.81 percent. Operating margin for the quarter stood at negative 2.98 percent as compared to a negative 0.76 percent for the previous year period.
Operating loss for the quarter was $41.47 million, compared with an operating loss of $8.78 million in the previous year period.
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