Susser Holdings Sees Same-store Merchandise Sales Growth Of About 3.4%

(RTTNews) - Susser Holdings Corp. (SUSS) said it expects to report same-store merchandise sales growth of about 3.4 percent for the third quarter and 3.3 percent for the first nine months of 2013. It expects to report Retail average per-store fuel volume growth of approximately 5.6 percent for the third quarter and 5.1 percent for the first nine months of 2013.

Susser Petroleum Partners LP (SUSP) expects to report total gallon growth between 8.0 percent to 9.0 percent for the third quarter and 6.0 percent to 6.5 percent for the first nine months of 2013.

Susser Holdings said it opened 10 new large-format Stripes convenience stores during the third quarter and closed one smaller store. Through the first nine months of 2013, the Company has opened a total of 20 new stores and closed three. Susser currently operates a total of 576 Stripes stores, of which 371 include a restaurant.

Susser Holdings and Susser Petroleum Partners completed sale leaseback transactions for 10 new Stripes stores during the third quarter at a total cost of $39.5 million, bringing to 30 the total number of new-build store sale leasebacks since the partnership's initial public offering, at a cumulative cost, including final cost true-ups, of $121.0 million.