Susser Reports Q4 Merchandise, Fuel Volumes to Increase
CORPUS CHRISTI, Texas -- Susser Holdings Corp. expects to report strong same-store merchandise sales and per-store fuel volumes when it releases its fourth-quarter 2011 earnings next month.
The operator of Stripes convenience stores issued an update this morning stating that the convenience store chain expects to report same-store merchandise growth of about 5 percent compared to its 2010 fourth quarter. Retail average per-store fuel volumes are expected to increase by 7.2 percent, compared to the same period a year ago.
For the entire 2011 year, Susser expects to announce same-store merchandise sales growth of approximately 6 percent and retail average per-store fuel growth of about 4.9 percent vs. full year 2010.
During the fourth quarter of 2011, Susser opened six large-format convenience stores, and 127 wholesale dealer sites were added. The company has approximately 1,100 company-operated or contracted locations.
Susser will announce its full earnings results at 11 a.m. eastern time on Feb. 22.