Merchandise Sales, Per-Store Volumes Rise at Susser Holdings
CORPUS CHRISTI, Texas -- Stripes convenience store operator Susser Holdings Corp. said it expects to report same-store merchandise sales growth of 5.8 percent for its fiscal 2011 second quarter, compared to the same period in 2010. When the company officially announces its quarterly results, it also expects to report that retail average per-store fuel volumes increased 3.6 percent vs. its fiscal 2010 second quarter.
More information, such as net earnings and revenues, will be announced during the NASDAQ-traded company's conference call on Aug. 10. However, Susser did reveal that it opened six large-format stores during its second quarter and closed one smaller store. The company, which primarily operates under the Stripes name in Texas, New Mexico and Oklahoma, now owns 532 stores. More than 300 of those stores provide restaurant service, mostly under its Laredo Taco Company brand.
Susser also announced today it opened eight new wholesale dealer sites during its second quarter and discontinued one, for a total of 439.