Susser Holdings expects rise in 4Q sales metric

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Associated Press

Posted on January 14, 2014 at 8:00 AM

Updated Tuesday, Jan 14 at 8:02 AM

CORPUS CHRISTI, Texas (AP) — Susser Holdings, which sells gasoline and merchandise at convenience stores, said Tuesday that it anticipates fourth-quarter merchandise sales at stores open at least a year rose about 2.4 percent.

The company expects a 3 percent increase in the figure for the full year.

This metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

Susser Petroleum Partners LP foresees about a 15 percent rise in total gallons for the quarter and an 8 percent increase for the full year. This compares with pro forma 2012 results as if Susser Petroleum had been in operation for the entire period. Susser Petroleum Partners went public in September 2012. Susser Holdings is majority owner of Susser Petroleum, a master limited partnership that distributes fuel to Stripes stores and other companies.

Susser Petroleum anticipates 2013 total fuel volume of approximately 1.57 billion gallons.

Susser Holdings Corp. is based in Corpus Christi, Texas. The company expects to report its fourth-quarter financial results on Feb. 27.

Its shares finished at $61.59 per share on Monday. They are up 57 percent for the past year.

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