Susser Holdings Q3 Results Beat Estimates - Quick Facts

(RTTNews) - Susser Holdings Corp. (SUSS) Wednesday reported increased profit and revenue for the third quarter that topped estimates.

Net income attributable to Susser Holdings surged to $12.9 million from $6.85 million. Earnings per share rose to $0.59 from $0.32.

Excluding the impact of a $3.5 million non-cash deferred tax charge related to the acquisition of Gainesville Fuel, Inc. and its subsequent contribution to SUSP, adjusted net income attributable to Susser Holdings was $16.4 million or $0.76 per share.

In the prior year, adjusted net income attributable to Susser Holdings was $10.5 million, or $0.49 per share.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.70 per share for the quarter. Analysts' estimates typically exclude special items. Consolidated revenues increased 6.6 percent to $1.6 billion from $1.5 billion in the prior year. Analysts estimated revenues of $1.58 billion.

The company attributed the revenue increase to a 9.8 percent increase in merchandise sales, a 7.6 percent increase in retail fuel revenues and a 3.1 percent increase in wholesale fuel revenues from third parties.

Same-store merchandise sales increased 3.4 percent, compared to a growth of 5.8 percent last year. Average retail gallons sold per store increased 5.6 percent, compared to 6.6 percent growth in the third quarter.