Susser Holdings Corp., which operates 540 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner, has released its 2012 first quarter financial results.
The company expects same-store merchandise sales growth for the first quarter of 2012 of approximately 6.7% compared with the first quarter of 2011. Retail average per-store fuel volumes are expected to increase by about 5.8% from the year-earlier period.
New Store Update
During the first quarter of 2012 Susser opened one new large-format convenience store and closed two smaller ones for a total of 540 retail stores as of April 1. The company has opened one additional store to date in the second quarter and currently has 12 under construction. Susser expects to build a total of 25-30 new stores in fiscal 2012.
In addition, seven new wholesale dealer sites were added during the first quarter, and five were discontinued for a total of 567 contracted branded dealer locations at the end of the quarter.
Earnings Conference Call
Susser will release its complete first quarter 2012 financial results before the market opens on Wednesday, May 9. 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.
By Phone: Dial (480) 629-9818 at least 10 minutes before the call. A replay will be available through May 16 by dialing 303-590-3030 and using the access code 4532919#.
By Webcast: Visit the Events and Presentations page of Susser’s Investor Relations website at http://investor.susser.com. Log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.