Susser Holdings Corp. has released partial operating results for the third quarter of 2012.
For the quarter ended Sept. 30, 2012, Susser expects to report:
• Same-store merchandise sales growth of approximately 5.8% year-over-year, compared to growth of 7.4% for the year-earlier period.
• Retail average per-store fuel volume growth of approximately 6.6% year-over-year, compared to growth of 5.6% for the prior-year period.
Year-to-date, the Company expects to report:
• Same-store merchandise sales growth of approximately 6.8% year-over-year, compared to growth of 6.3% for the year-earlier period.
• Retail average per-store fuel volume growth of approximately 6.8% year-over-year, compared to growth of 4.1% 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 Sept. 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. Susser expects to build 28-35 retail sites in 2013, and it continues to acquire additional properties for its land bank for future development.
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 Sept. 25. Results for the quarter will be reported for the six-day period ended Sept. 30.
Susser Holdings Corp. and Susser Petroleum Partners LP plan to release their complete third quarter 2012 financial and operating results before the market opens on Wednesday, Nov. 7. In conjunction with these news releases, management will hold a combined conference call the same day at 10 a.m. EST to discuss both companies’ third quarter results. The call will be broadcast live over the Internet. Investors may participate either by phone or audio Webcast.
Dial 480-629-9771 at least 10 minutes before the call. A replay will be available through Nov. 14 by dialing 303-590-3030 and using the access code 4568290#.
Connect to the webcast via the Events and Presentations pages of Susser Holdings’ Investor Relations Website at http://investor.susser.com or Susser Petroleum Partners’ Investor Relations Website at http://investor.susserpetroleumpartners.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.