Susser Holdings Corp. has commenced an underwritten public offering of approximately 3.5 million shares of its common stock. In connection with the offering, Susser will grant the underwriters an option to purchase up to 525,000 additional shares. Susser intends to use the net proceeds from this offering for growth capital for new store development and…
Susser Reports Operating Results
“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven…
Susser Expects To Report Q3 Growth
Susser anticipates same-store merchandise sales growth ahead of its third quarter results release. Susser Holdings Corp. expects to report same-store merchandise sales growth for the third quarter of 2011 of approximately 7.4% versus the third quarter of 2010. Meanwhile, retail average per-store fuel volumes are expected to increase by 5.6% year-over-year. For the first three…
Sweetening Candy Sales
Avoiding common pitfalls and developing a merchandising plan can boost convenience store confectionery sales. By Heather Henstock, Contributing Editor. Keeping shelves full of customers’ favorite candy, gum and mint brands may seem like an obvious practice for convenience store category mangers. However, controlling out-of-stocks continues to be the top challenge for c-stores managing the candy…
New Stripes Store First in Corpus Christi Area to Offer E85
“With the number of flex fuel vehicles growing, and as cities like Corpus Christi push to find ways to improve air quality and make renewable resources a focus, Stripes will offer E85 fuel at more locations if we find that consumers demand that option,” says Stripes’ CEO. The newest Stripes Convenience Store location, located on…
Susser Holdings Predicts Q2 Operating Results
Susser adds six new convenience stores and eight dealer sites in second quarter. Corpus Christi, Texas-based Susser Holdings Corp. expects to report same-store merchandise sales growth for the second quarter of 2011 of approximately 5.8% year-over-year when it releases its second quarter operating results next month. Retail average per-store fuel volumes are expected to increase…
Empowered by Energy Efficiency
With energy costs soaring and customers rewarding sustainable behaviors, many convenience store chains are realizing the need to upgrade stores to be more energy efficient. World marketed energy consumption is projected to increase by 44% from 2006 to 2030, according to the U.S. Energy Information Administration (EIA). The increase could hit c-store retailers especially hard…
Seizing Smokeless Opportunities
Just when you think you know everything about the mercurial business of tobacco, a bit of trivia comes along that gets your attention. Distributors and retailers have had reams of information to study in the past two years as major changes in legislation, taxation and consumer habits have forced domino-effect adjustments. Manufacturers, chain executives, category…
Susser Reports Q1 Results
Susser Holdings Corp. released its first quarter results, reporting that same-store merchandise sales for the first quarter of 2010 increased by 2.5%, compared with a 1.2% decline for the fourth quarter of 2009 and growth of 6.0% during the first quarter of 2009. Retail merchandise margin was flat versus the fourth quarter at 32.7%, and…