Susser Holdings (SUSS) Sees Q1 Comps Up 6.7%

April 17, 2012 6:15 AM EDT
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Price: $82.46 --0%

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Total revenues: 1.87B

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Susser Holdings Corporation (Nasdaq: SUSS) expects to report same-store merchandise sales growth for the first quarter of 2012 of approximately 6.7 percent compared with the first quarter of 2011. Retail average per-store fuel volumes are expected to increase by about 5.8 percent from the year-earlier period.

During the first quarter of 2012 the Company 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. The Company expects to build a total of 25 to 30 new stores in fiscal 2012.

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