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 Provides Q2 Preliminary Results
Announces secondary offering of common stock by Wellspring. Susser Holdings Corp. has provided partial preliminary financial and operating results for the second quarter of 2012, ended July 1, 2012. Susser expects to report: • Same-store merchandise sales growth of approximately 8% year-over-year, versus growth of 5.8% for the year-earlier period. • Total merchandise sales of approximately…
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…
Susser Welcomes Three Individuals To Leadership Team
New leadership members bring a wealth of experience and are expected to help drive growth in key areas for Susser. Susser Holdings Corp. has appointed three new members to its leadership team: • Gail Workman as senior vice president of sales and operations with Susser Petroleum Co., Susser’s wholesale fuel subsidiary, based in Houston •…
Susser Holdings Authorizes $15 Million Stock Repurchasing
“These opportunistic share purchases will allow us to directly leverage a portion of our cash flow to enhance shareholder value,” says Susser CEO. Susser Holdings Corp.’s Board of Directors has authorized the repurchase of up to $15 million of the company’s common stock. The share purchases may be made from time to time in open…
Susser Holdings Reports Q1 Results
“Based on this strong first quarter performance, we are raising our guidance for 2011 for same-store merchandise sales growth to a range of 3.0-5.5%, and we also are raising the lower end of our guidance range for new dealer sites to a minimum of 20,” says Susser CEO. Susser Holdings Corp. released its Q1 2011…
Susser Estimates Q4 Results
Susser Holdings Corp. expects to report same-store merchandise sales growth for the fourth quarter of 2010 of approximately 7.3% year-over-year and an increase in retail average per-store-per-week fuel volumes of 4.3%. Fourth quarter merchandise margin is expected to be in a range of 33.7-34%, and retail fuel margin is expected to be 14.7 cents to…
Susser Reports Q2 Results
Susser Holdings Corp. posted a second-quarter loss on debt-refinancing impacts but also reported stronger merchandise and fuel sales. Its same-store merchandise sales for the second quarter of 2010 increased by 3.1%, compared with growth of 2.5% in the first quarter of 2010 and 4.6% in the second quarter of 2009. Retail merchandise margin increased to…
Stripes Works Toward Energy Efficiency
More than 440 Stripes c-stores throughout Texas are becoming more energy efficient and stand to collect up to $175,000 in rebates under TXU Energy’s Energy Efficiency Rebate Program. The 29-month contract represents an annual load of 155,000 MWh-enough to power 8,600 homes-at more than 440 Stripes stores primarily located in West and South Texas. Under…
Changing its Stripes
Susser Holdings Corp. at a glance A dynamic marketer Based in Corpus Christi, Texas, Susser Holdings is the largest non-refiner, convenience store operator in Texas, with additional stores in Oklahoma and New Mexico. It operates 516 convenience stores through its Stripes LLC division and is the 19th largest c-store chain in the U.S. Convenience Store…