During the fourth quarter of 2011, Susser Holdings opened six new large-format convenience stores.
The company expects to report same-store merchandise sales growth for the fourth quarter of 2011 of approximately 5% compared with the fourth quarter of 2010. Retail average per-store fuel volumes are expected to increase by about 7.2% from a year ago.
For the full year 2011, Susser expects same-store merchandise sales growth of approximately 6% and retail average per-store fuel volume growth of about 4.9% versus full year 2010.
New Store Update
During the fourth quarter of 2011 the company opened six new large-format convenience stores for a total of 541 as of year-end. For the full year, the company opened 19 new stores and closed four.
A total of 127 new wholesale dealer sites were added during the fourth quarter, including the 121 acquired in October, and two were discontinued for a total of 565 dealer sites at year-end. Susser added a total of 142 dealer sites and discontinued eight during fiscal 2011.
Earnings Conference Call
Susser plans to release its fourth quarter 2011 financial results before the market opens on Wednesday, Feb. 22. In conjunction with the release, the company has scheduled a conference call that will be broadcast live over the Internet the same day at 11 a.m. Eastern Time (10 a.m. Central Time). Investors may participate either by phone or audio Webcast.
Dial (480) 629-9692 at least 10 minutes before the call. A replay will be available through Feb. 29 by dialing (303) 590-3030 and using the access code 4506323#.
Visit the Events and Presentations page of Susser’s Investor Relations Website at http://investor.susser.com. Please log on at least 10 minutes in advance to register and download any necessary audio software. A replay will be available shortly after the call.