“We believe this transaction will allow us to de-lever the convenience store portion of our business, reduce our cost of capital and further diversify our access to capital to fund our growth strategy,” says Susser CEO. Susser Holdings Corp.’s Board of Directors has approved the filing of a registration statement to effect an initial public
“Traffic through our stores remains brisk, and we saw increased sales across all of our key categories,” says Susser Holdings Corp. president and CEO. Susser Holdings Corp. has reported strong financial and operating results for the quarter ended April 1, 2012. Same-store merchandise sales increased by 6.7%, compared with growth of 5.6% a year earlier.
Susser expects to build 25-30 new Stripes Convenience Stores in fiscal 2012. 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
To be a winner in the foodservice arena, break out of the convenience store box and take some equipment cues from quick-service, fast casual and white tablecloth restaurants. By Marilyn Odesser-Torpey, Associate Editor. No one understands the pain of working in a cramped space better than a food truck operator, said Larry Miller, president of
The presentation will be available via Webcast on the Susser’s Website. Susser Holdings Corp. has announced that Sam Susser, president and CEO, will present at the Bank of America Merrill Lynch 2012 Consumer Conference on Wed., March 7, in New York City. The presentation, which will begin at 3:10 p.m. ET, will be available live
“Our newly built stores continue to perform very well, and as a result, we plan to increase our overall capital budget in 2012 to accelerate new store construction to a planned 25-30 stores,” says Susser Holdings CEO. Susser Holdings Corp. reported strong financial and operating results for the fourth quarter and full fiscal year 2011.
Ribbon cutting, check presentation and prize giveaways planned as part of the new store celebration. A Stripes convenience store and gas station is opening on Jan. 6 at U.S. 281 in Marble Falls, Texas, The River Cities Daily Tribune Online reported. A grand opening event is set to include a ribbon cutting at 501 U.S.
Susser plans to use the net proceeds from this offering for growth capital for new store development and general corporate purposes. Susser Holdings Corp. announced that the underwriters of its recent public offering of common stock have exercised their additional purchase option in part, purchasing 275,000 shares of common stock at a public offering price
Susser intends to use the net proceeds from this offering for growth capital for new store development. Susser Holdings Corp. has closed its public offering of 3,500,000 shares of its common stock at a price of $21.75 per share. Net proceeds from the sale of these shares were approximately $72 million, after deducting underwriting discounts
Susser Holdings Corp. has commenced an underwritten public offering of approximately 3.5 million shares of its common stock. In connection with the offering, Susser will grant the underwriters an option to purchase up to 525,000 additional shares. Susser intends to use the net proceeds from this offering for growth capital for new store development and
About 25-30 new Stripes convenience stores planned for next year. Susser Holdings Corp. plans to accelerate its new retail store building program in 2012, with an estimated 25-30 Stripes convenience stores expected to be built next year. “Our plan to pick up the pace of new store building next year reflects the strong traction our
“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven
Susser anticipates same-store merchandise sales growth ahead of its third quarter results release. Susser Holdings Corp. expects to report same-store merchandise sales growth for the third quarter of 2011 of approximately 7.4% versus the third quarter of 2010. Meanwhile, retail average per-store fuel volumes are expected to increase by 5.6% year-over-year. For the first three
Avoiding common pitfalls and developing a merchandising plan can boost convenience store confectionery sales. By Heather Henstock, Contributing Editor. Keeping shelves full of customers’ favorite candy, gum and mint brands may seem like an obvious practice for convenience store category mangers. However, controlling out-of-stocks continues to be the top challenge for c-stores managing the candy
“With the number of flex fuel vehicles growing, and as cities like Corpus Christi push to find ways to improve air quality and make renewable resources a focus, Stripes will offer E85 fuel at more locations if we find that consumers demand that option,” says Stripes’ CEO. The newest Stripes Convenience Store location, located on
With energy costs soaring and customers rewarding sustainable behaviors, many convenience store chains are realizing the need to upgrade stores to be more energy efficient. World marketed energy consumption is projected to increase by 44% from 2006 to 2030, according to the U.S. Energy Information Administration (EIA). The increase could hit c-store retailers especially hard
Just when you think you know everything about the mercurial business of tobacco, a bit of trivia comes along that gets your attention. Distributors and retailers have had reams of information to study in the past two years as major changes in legislation, taxation and consumer habits have forced domino-effect adjustments. Manufacturers, chain executives, category
Susser Holdings Corp. released its first quarter results, reporting that same-store merchandise sales for the first quarter of 2010 increased by 2.5%, compared with a 1.2% decline for the fourth quarter of 2009 and growth of 6.0% during the first quarter of 2009. Retail merchandise margin was flat versus the fourth quarter at 32.7%, and