“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…
Susser Reports Strong Operating Results
“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 Holdings Reports Q1 Results
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…
Finding the Right Foodservice Equipment
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…
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 Reports Q4 And 2011 Results
“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.…
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 Underwriters Exercise Purchase Option
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 Closes Public Offering of Common Stock
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 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…