Thanks to Wawa’s Increase in Share Price, a Number of Employees Retire as Millionaires
Wawa’s status as being privately owned ensures that the numbers behind its success are not readily accessible by the public.
However, a few fun facts explain how the Delco-based chain of convenience stores remains one of the most successful in the region, writes Danya Henninger for Billy Penn.
Wawa generated $10 billion in revenue last year. To put that figure in perspective, 7-Eleven generated $29 billion, but has 10 times more stores than Wawa.
Also, people shopping at Wawa spend $7.42 per visit, which is 80 percent more than the industry average of $4.12.
The company’s workforce numbers more than 30,000 people, who jointly own more than 40 percent of the company. Thanks to the rise in the company’s share price from $900 in 2003 to its current $10,000, a number of employees retire as millionaires.
Operating in six states, plus Washington, D.C., Wawa serves around 800 million customers every year.
Read more about Wawa at Billy Penn by clicking here.
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