Exhibit 99.1


earningsreleaseletterheada04.jpg
FOR IMMEDIATE RELEASE
Contact:
Katie Strohacker, Senior Director of Investor Relations
(617) 796-8251
www.ta-petro.com
TravelCenters of America LLC Announces First Quarter 2019 Financial Results
First Quarter Fuel Sales Volume Increased 3.0%
Nonfuel Revenues Increased 4.0%

 
Westlake, OH (May 7, 2019): TravelCenters of America LLC (Nasdaq: TA) today announced financial results for the three months ended March 31, 2019:
(in thousands, except per share amounts)
Three Months Ended
March 31,
2019
 
2018
Loss from continuing operations
$
(12,729
)
 
$
(6,027
)
Net loss
(12,729
)
 
(10,078
)
Net loss attributable to common shareholders
(12,747
)
 
(10,112
)
 
 
 
 
Loss per common share from continuing operations attributable
   to common shareholders (basic and diluted)
$
(0.32
)
 
$
(0.15
)
 
 
 
 
Non-GAAP Measures:(1)
 
 
 
Adjusted loss from continuing operations
$
(14,576
)
 
$
(22,136
)
Adjusted loss per common share from continuing operations attributable
   to common shareholders (basic and diluted)
$
(0.36
)
 
$
(0.55
)
EBITDA
$
13,813

 
$
14,385

Adjusted EBITDA
11,360

 
(2,957
)
(1)
Reconciliations from loss from continuing operations, loss per common share from continuing operations attributable to common shareholders and net loss, as applicable, the financial measures determined in accordance with U.S. generally accepted accounting principles, or GAAP, to the non-GAAP measures disclosed herein are included in the supplemental tables below.
Andrew J. Rebholz, TA's CEO, made the following statement regarding the 2019 first quarter results:
"We believe our operating results for the first quarter of 2019 demonstrated that the business initiatives and plans we outlined earlier this year are continuing to succeed. During the 2019 first quarter both fuel sales volume and nonfuel revenues showed solid growth, improving by 3.0% and 4.0%, respectively, in total and by 2.0% and 2.7%, respectively, on a same site basis as compared to the prior year quarter. These improvements were aided by our introduction of our revamped UltraONE 2.0 loyalty program that customers are embracing. Designed to incentivize and reward customers for their loyalty while providing the TA full service array of redemption offers to suit customers’ varying needs, this program attracted approximately 30,000 new and reactivated members in the first quarter. In addition, we kept our site level operating expense in line with our nonfuel revenue increases, experiencing only a slight 20 basis point increase in the ratio of those expenses to nonfuel revenues that is due in part to increased staffing in advance of increased business in our truck service programs.
 

1

The following information was filed by Travelcenters Of America Llc (TA) on Tuesday, May 7, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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