Susser Holdings Provides Third Quarter 2012
Operating Results Update
CORPUS CHRISTI, Texas, Oct. 11, 2012 /PRNewswire/ -- Susser Holdings Corporation (NASDAQ: SUSS)
today provided partial operating results for the third quarter of 2012.
For the quarter ended September 30, 2012, the Company expects to report:
Same-store merchandise sales growth of approximately 5.8 percent year-over-year, compared to growth
of 7.4 percent for the year-earlier period.
Retail average per-store fuel volume growth of approximately 6.6 percent year-over-year, compared to
growth of 5.6 percent for the prior-year period.
Year-to-date, the Company expects to report:
Same-store merchandise sales growth of approximately 6.8 percent year-over-year, compared to growth
of 6.3 percent for the year-earlier period.
Retail average per-store fuel volume growth of approximately 6.8 percent year-over-year, compared to
growth of 4.1 percent for the prior-year period.
New Locations Update
Susser Holdings opened eight new large-format Stripes® convenience stores during the third quarter for a total
of 15 new stores opened year-to-date. One retail store was converted to a dealer consignment location during
the third quarter, bringing the total retail stores to 552 as of September 30. Two additional Stripes® stores
were converted to consignment locations at the beginning of the fourth quarter. Fourteen retail stores are under
construction, of which 11 are currently expected to open during the fourth quarter. The Company expects to
build 28 to 35 retail sites in 2013, and it continues to acquire additional properties for its land bank for future
Additionally, 11 new dealer sites were added in the wholesale segment, including the one converted from the
retail segment, and seven sites were discontinued for a total of 571 contracted branded sites at the end of the
third quarter. At quarter-end, the contracted dealer sites consisted of 88 consignment locations and 483 dealer
supply contracts. For the nine months, Susser has added 25 contracted dealer sites and discontinued 19.
Susser Petroleum Partners LP, a master limited partnership that completed its initial public offering last month,
began operations on September 25. Results for the quarter will be reported for the six-day period ended
Earnings Conference Call
Susser Holdings Corporation and Susser Petroleum Partners LP (NYSE: SUSP) will release their complete
third quarter 2012 financial and operating results before the market opens on Wednesday, November 7. In
conjunction with these news releases, management will hold a combined conference call the same day at 10
a.m. Eastern Time (9 a.m. Central Time) to discuss both companies' third quarter results. The call will be