Susser Q1 Loss Misses Estimates; Revenues Rise - Quick Facts

(RTTNews) - Susser Holdings Corp. (SUSS) Wednesday reported first-quarter net loss attributable to Susser Holdings of $1.8 million, or $0.09 per share compared with a loss of $0.2 million or $0.01 per share in the first quarter of 2013.

On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items. Driven by a 11.7 percent increase in merchandise sales, a 5.1 percent increase in retail fuel sales and a 19.6 percent increase in wholesale fuel sales to third parties, the company's revenues for the quarter rose 10.6 percent to $1.7 billion from $1.49 billion last year. Analysts estimated revenues of $1.57 billion for the quarter. Same-store merchandise sales rose 1.9 percent versus growth of 4.2 percent in the first quarter of 2013, which included the Easter holiday, while this year Easter arrived late in the second quarter. Looking ahead, the firm expects growth as a result of the merger agreement reached in late April with Dallas-based Energy Transfer Partners, L.P. This cash-and-units transaction which is expected to close in the third quarter of this year, is estimated to bring additional value for the shareholders.