Susser Holdings Slips To Loss In Q2 - Quick Facts

(RTTNews) - Susser Holdings Corp. (SUSS) reported that its second-quarter net loss attributable to the company, including the impact of the debt refinancing charges, was $4.3 million, or $0.20 per share, compared to net income of $29.8 million, or $1.40 per share in the second quarter of 2012.

Excluding the impact of second quarter debt refinancing charges totaling $26.2 million, net income attributable to Susser Holdings was $12.5 million, or $0.59 per share for the latest-quarter.

Second quarter consolidated revenues totaled nearly $1.6 billion, an increase of 3.1 percent year-over-year. This increase was the result of an 8.5 percent increase in merchandise sales and a 4.1 percent increase in retail fuel revenues, partly offset by a 1.6 percent decline in wholesale fuel revenues sold to third parties. The positive revenue impact of higher fuel volumes sold in both segments was partially offset by lower selling prices.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share and revenues of $1.56 billion for the quarter. Analysts' estimates typically exclude special items.

Same-store merchandise sales increased 2.2 percent in the second quarter, compared with growth of 8.0 percent in the second quarter of 2012. Average retail gallons sold per store increased 5.5 percent versus a year ago, compared with growth of 8.0 percent in the second quarter of last year. Retail net merchandise margin was 34.3 percent in the most recent quarter, versus 34.1 percent a year ago.