Susser (SUSS) Sees Q2 Comps Up 4%; Susser Petroleum (SUSP) Sees Q2 Gallons Sold Up 19%

Susser Holdings Corporation (NYSE: SUSS) and Susser Petroleum Partners LP (NYSE: SUSP) provided partial operating results for the second quarter and first half of 2014.

Susser Holdings expects to report:

Merchandise -- Same-store merchandise sales growth of approximately 4.0 percent for the second quarter, which included the Easter holiday, versus growth of 2.2 percent a year ago. Last year Easter fell in the first quarter.

For the first half of 2014, same-store sales growth is expected to be approximately 3.0 percent, compared with growth of 3.2 percent for the first half of last year.

Retail Fuel -- A retail average per-store fuel volume decline of approximately 0.4 percent for the second quarter, versus growth of 5.5 percent a year earlier. Excluding the Sac-N-Pac locations acquired in January, retail average per-store fuel volumes grew by 2.0 percent year-over-year.

For the first half of 2014, a retail average per-store fuel volume increase of an estimated 0.8 percent - or 3.1 percent excluding the Sac-N-Pac stores -- versus growth of 4.9 percent in the first half of 2013.

Susser Petroleum Partners expects to report:

Total gallons sold of 462 million for the second quarter, a 19 percent increase compared with a year ago.

Total gallons sold of 895 million for the first half of 2014, an 18 percent increase compared to the first half of 2013.

New Locations Update

Susser Holdings opened five new large-format Stripes® convenience stores and acquired two stores during the second quarter of 2014. As of June 29, the Company operated a total of 636 retail stores, of which 408 include a restaurant concept, primarily Laredo Taco Company®.

Year to date the Company has added 57 retail stores, including 49 acquired stores and eight newly-built stores, including one store opened early in the third quarter. Eighteen new retail stores are currently under construction.

Susser Holdings and Susser Petroleum Partners completed sale leaseback transactions for six new retail locations in the second quarter for a total cost of $31.0 million. Year to date, Susser has completed 13 sale/leaseback transactions for a total of $58.6 million

Eleven new contracted sites were added in the wholesale segment in the second quarter, and three were discontinued for a total of 624 contracted branded sites as of June 30. Year to date, Susser has added a total of 38 dealer sites and discontinued five.

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