Susser to Report Same-store Merchandise Sales Rose 7.3 Percent in 4Q
CORPUS CHRISTI, Texas -- Susser Holdings Corp. yesterday said it expects to report same-store merchandise sales for the fourth quarter of 2010 grew approximately 7.3 percent. In addition, average retail fuel volumes per store per week rose 4.3 percent.
Fourth quarter merchandise margin is expected to be in a range of 33.7 percent to 34 percent, and retail fuel margin is expected to be 14.7 cents to 15.1 cents per gallon. Wholesale fuel margin is expected to be 4.9 cents to 5.3 cents per gallon for the fourth quarter.
For the full year, Susser, which operates the Stripes convenience store chain, expects to report same-store merchandise sales growth of approximately 4 percent and retail average per-store-per-week fuel volume growth of approximately 2.5 percent year-over-year. Merchandise margin is expected in a range of 33.5 percent to 33.7 percent. Retail fuel margin is expected in a range of 18.3 cents to 18.5 cents per gallon, and wholesale fuel margin is expected to be 5.2 cents to 5.4 cents per gallon for the full year 2010.
During the fourth quarter, Susser opened seven new retail stores, closed three and converted three to wholesale dealers for a total of 526 retail stores operated at the end of the year. Four large-format retail stores are currently under construction.