Susser prices approximately 5 million shares of its common stock. Susser Holdings Corp. announced it has priced a public secondary offering by affiliates of Wellspring Capital Management of 5 million shares of Susser common stock at a price of $36 per share. Wellspring has granted the underwriters a 30-day option to purchase an additional 750,000…
Susser Pursues Master Limited Partnership IPO Of Wholesale Fuel Business
“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…
E-Tobacco Shows No Signs of Slowing
Although the electronic cigarette category in the U.S. is barely five years old, a dizzying number of brands are vying for the attention of retailers—and more are entering the fray just about every day. By Marilyn Odesser-Torpey, Associate Editor In a report released in May, UBS Investment Research likened the chaotic e-cigarette category to the e-commerce…
Stripes Convenience Stores Adds Xenergy Drinks
Four flavors of the sugar-free, zero calorie energy drinks to hit store shelves in south Texas. Stripes Convenience Stores and XYIENCE Xenergy have partnered, giving the energy drink a greater presence in south Texas and adding to Stripes’ energy assortment. Stripes plans to carry up to four flavors of the sugar-free, zero calorie energy drinks,…
Beer Bounces Back
It’s always nice when a general statistical look at an industry can be confirmed locally, and that is the case with convenience store beer sales as 2011 closes. The Beer Institute confirms that the convenience channel is one of the most important for beer. The category accounts for 30% of total U.S. industry volume. A…
Susser Holdings to Present at 2012 Consumer Conference
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…
Susser Holdings Announces Q4 Results
During the fourth quarter of 2011, Susser Holdings opened six new large-format convenience stores. Corpus Christi, Texas-based Susser Holdings Corp. has set up an earnings conference call for 11 a.m. EST on Feb. 22 to discuss its fourth quarter results. The company expects to report same-store merchandise sales growth for the fourth quarter of 2011…
Stripes Celebrates Grand Opening in Marble Falls
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 Accelerates Store Building Program in 2012
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…
Susser Reports Operating Results
“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…