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Susser Provides Fourth Quarter 2012 Operating Results Update



         Susser Provides Fourth Quarter 2012 Operating Results Update

Analyst Day Set for March 21 in Houston

PR Newswire

CORPUS CHRISTI, Texas, Jan. 15, 2013

CORPUS CHRISTI, Texas, Jan. 15, 2013 /PRNewswire/ -- Susser Holdings
Corporation (NYSE: SUSS) and Susser Petroleum Partners LP (NYSE: SUSP) today
provided partial operating results for the fourth quarter and full year 2012. 

For the fourth quarter of 2012, Susser Holdings (the "Company") expects to
report:

  o Same-store merchandise sales growth of approximately 5.8 percent, compared
    to growth of 5.0 percent for the year-earlier period.
  o Retail average per-store fuel volume growth of approximately 3.1 percent,
    compared to growth of 7.2 percent for the prior-year period.

For the full year 2012, the Company expects to report:

  o Same-store merchandise sales growth of approximately 6.6 percent, compared
    to growth of 6.0 percent in fiscal 2011.
  o Retail average per-store fuel volume growth of approximately 5.8 percent,
    compared to growth of 4.9 percent for the prior year.

New Locations Update

Susser Holdings opened a record 10 new Stripes® convenience stores during the
fourth quarter, for a total of 25 new retail stores opened in 2012.  In
addition, the Company converted two retail stores to dealer locations in the
fourth quarter - for a total of three converted for the full year - and closed
one smaller store, or a total of four closures during the full year.  The
Company operated 559 Stripes stores at year-end, a net increase of 18 stores
added in 2012. The Company expects to build 29 to 35 new Stripes convenience
stores in 2013, of which 12 are currently under construction.

Thirteen new dealer sites were added in the wholesale segment in the fourth
quarter, for a total of 39 for the full year, and 6 sites were discontinued in
the final quarter, or 25 for the full year.  At year end 2012, the Company
supplied 579 contracted branded sites, a net increase of 14 for the year.   As
of year end, the contracted sites consisted of 91 consignment locations and
488 other independent dealer contracts.

Financing Update 

Susser Petroleum Partners (the "Partnership") purchased two additional
Stripes® stores from Susser Holdings on January 14.  Since Susser Petroleum
Partners began operating as an independent master limited partnership in
September 2012, the partnership has acquired a total of 10 new stores,
pursuant to a sale leaseback option from Stripes, for a total cost of $36.7
million.  The Partnership has also acquired two additional dealer sites from
unaffiliated third parties.  The Partnership expects to complete the
acquisition of five additional Stripes® stores by April 2013.      

Analyst Day March 21

Susser Holdings Corporation and Susser Petroleum Partners LP will hold a joint
Analyst Day on Thursday, March 21, at Susser Petroleum Partners' headquarters
in Houston.  The meeting will begin with a bus tour of several Houston-area
Stripes® convenience stores and wholesale dealer sites, and will conclude with
presentations by senior management of both companies. Additional details will
be provided at a later date. For more information on this upcoming meeting or
to register, contact Anne Pearson, apearson@drg-l.com, 210-408-6321.

Susser Holdings Corporation is a third-generation family led business based in
Corpus Christi, Texas that operates over 555 convenience stores in Texas, New
Mexico and Oklahoma under the Stripes® banner. Restaurant service is available
in over 350 of its stores, primarily under the proprietary Laredo Taco
Company® brand. Susser Holdings also is majority owner and owns the general
partner of Susser Petroleum Partners LP, which distributes over 1.4 billion
gallons of motor fuel annually to Stripes® stores, independently operated
consignment locations, convenience stores and retail fuel outlets operated by
independent operators and other commercial customers in Texas, New Mexico,
Oklahoma and Louisiana.

Forward-Looking Statements

This news release contains "forward-looking statements." These statements are
based on current plans and expectations and involve a number of risks and
uncertainties that could cause actual results and events to vary materially.
Factors that could impact Susser Holdings Corporation include, but are not
limited to: competitive pressures from convenience stores, gasoline stations,
other non-traditional retailers and other wholesale fuel distributors;
volatility in crude oil and wholesale petroleum costs; increasing consumer
preferences for alternative motor fuels, or improvements in fuel efficiency;
the operation of Stripes® retail stores in close proximity to those of
dealers; seasonal trends; severe or unfavorable weather conditions;
cross-border risks associated with the concentration of Stripes® stores in
markets bordering Mexico; inability to build or acquire and successfully
integrate new stores; ability to comply with federal and state regulations
including those related to environmental matters, the sale of alcohol and
cigarettes and employment laws and health benefits; dangers inherent in
transporting motor fuel; pending or future consumer or other litigation;
wholesale cost increases of tobacco products or future legislation or
campaigns to discourage smoking; litigation or adverse publicity concerning
food quality, food safety or other health concerns related to Stripes®
restaurant facilities; dependence on two principal suppliers for merchandise
and two principal suppliers for motor fuel; dependence on suppliers for credit
terms; dependence on senior management and the ability to attract qualified
employees; acts of war and terrorism; risks relating to substantial
indebtedness and dependence on subsidiaries for cash flow generation;
dependence on information technology systems; changes in accounting standards,
policies or estimates; impairment of goodwill or indefinite lived assets; and
other unforeseen factors. Factors that could impact Susser Petroleum Partners
LP include, but are not limited to: Susser Holdings' business strategy,
operations, risks and conflicts of interest with Susser Petroleum; ability to
renew or renegotiate long-term distribution contracts with customers; changes
in the price of and demand for motor fuel; dependence on two principal
suppliers; competition in the wholesale motor fuel distribution industry;
seasonal trends; increased costs; ability to make acquisitions; environmental
laws and regulations; dangers inherent in the storage of motor fuel; reliance
on Susser Holdings for transportation services; and other unforeseen factors

For a full discussion of these and other risks and uncertainties, refer to the
"Risk Factors" section of Susser Holdings' annual report on Form 10-K for the
year ended January 1, 2012 and subsequent quarterly filings as well as the
"Risk Factors" section of Susser Petroleum's Prospectus filed with the
Securities and Exchange Commission on September 21, 2012. These
forward-looking statements are based on and include our estimates as of the
date hereof. Subsequent events and market developments could cause our
estimates to change. While we may elect to update these forward-looking
statements at some point in the future, we specifically disclaim any
obligation to do so, even if new information becomes available, except as may
be required by applicable law.

Contacts:
Susser Holdings Corporation             DRG&L
Susser Petroleum Partners LP            Anne Pearson, Senior Vice President
Mary Sullivan, Chief Financial Officer  (210) 408-6321, apearson@drg-l.com
(361) 693-3743, msullivan@susser.com    Ben Burnham, Vice President
                                        (773) 599-3745, bburnahm@drg-l.com

SOURCE Susser Holdings Corporation; Susser Petroleum Partners LP
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