Susser Holdings Corp. and Susser Petroleum Partners LP have provided partial operating results for the second quarter and first half of 2013.
Susser Holdings expects to report:
• Same-store merchandise sales growth of approximately 2.2% for the second quarter and 3.2% for the first six months of 2013.
• Retail average per-store fuel volume growth of approximately 5.5% for the second quarter and 4.9% for the first half of 2013.
New Locations Update
Susser Holdings opened six new large-format Stripes convenience stores during the second quarter and closed one smaller store. For the full year, the company has opened a total of 10 new stores and closed two. The company currently operates a total of 567 Stripes stores, of which 362 include a restaurant.
A sale leaseback transaction of two new stores was completed on June 17 for a total cost of $8.0 million. This latest sale by Susser Holdings to Susser Petroleum Partners brings the total number of new-build store sale leasebacks to 20 since the initial public offering of units in the Partnership in September 2012 at a cumulative cost, including final cost true-ups, of $81.5 million.
Ten new contracted sites were added in the wholesale segment, and six sites were discontinued in the second quarter for a total of 583 contracted branded sites as of June 30, consisting of 95 consignment locations and 488 other independent branded dealer contracts.
Earnings Conference Call
Susser Holdings and Susser Petroleum Partners will release their second quarter financial and operating results before the market opens on Wednesday, Aug. 7. In conjunction with these news releases, management will hold a combined conference call the same day at 10 a.m. Eastern Time (9 a.m. Central Time) to discuss both companies’ results. The call will be broadcast live over the Internet. Investors may participate either by phone or audio webcast.
Dial (480) 629-9770 at least 10 minutes before the call. A replay will be available through Aug.14 by dialing (303) 590-3030 and using the access code 4630288#.
Connect to the Webcast via the Events and Presentations pages of Susser Holdings Corp.’s Investor Relations Website at http://investor.susser.com or Susser Petroleum Partners LP’s Investor Relations Website at http://investor.susserpetroleumpartners.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.