Susser Holdings (SUSS) Updates Same-Stores Sales Outlook

Susser Holdings Corporation (Nasdaq: SUSS) expects to report same-store merchandise sales growth for the second quarter of 2008 of approximately 6.6% on a reported basis and 8.4% on a pro forma basis. Retail average per-store fuel volumes are expected to be flat on a reported basis and down approximately 2.3% on a pro forma basis. The pro forma comparisons reflect the combined results of Stripes and Town & Country stores as if Susser had acquired Town & Country Food Stores at the beginning of 2007.

For the first six months of the year, Susser expects to report an increase in same-store merchandise sales of approximately 7.7% on a reported basis and 8.7% on a pro forma basis. Retail average per-store fuel volumes are expected to be up 3.6% on a reported basis and up approximately 1.1% on a pro forma basis. So far in 2008, Susser has opened seven retail stores and closed one, bringing its current retail store count to 510.[SM]

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