Susser Provides First Quarter 2013 Operating Results Update
Earnings Conference Call Set for May 8 at 11 a.m. ET
CORPUS CHRISTI, Texas, April 16, 2013
CORPUS CHRISTI, Texas, April 16, 2013 /PRNewswire/ --Susser Holdings
Corporation (NYSE: SUSS) and Susser Petroleum Partners LP (NYSE: SUSP) today
provided partial operating results for the first quarter of 2013.
Susser Holdings expects to report:
oSame-store merchandise sales growth of approximately 4.2 percent.
oRetail average per-store fuel volume growth of approximately 4.1 percent.
New Locations Update
Susser Holdings opened four new Stripes® convenience stores during the first
quarter and closed one store that is being rebuilt with the Company's larger
footprint. The Company operated 562 Stripes stores as of the end of March,
355 of which included an in-store restaurant offering.
Five new dealer sites were added in the wholesale segment, and five sites were
discontinued in the first quarter for a total of 579 contract branded sites as
of March 31, consisting of 92 consignment locations and 487 other independent
branded dealer contracts.
Earnings Conference Call
Susser Holdings and Susser Petroleum Partners will release their first quarter
financial and operating results before the market opens on Wednesday, May 8.
In conjunction with these news releases, management will hold a combined
conference call the same day at 11 a.m. Eastern Time (10 a.m. Central Time) to
discuss both companies' results. The call will be broadcast live over the
Internet. Investors may participate either by phone or audio webcast.
Dial 480-629-9771 at least 10 minutes before the call. A
By Phone: replay will be available through May 15 by dialing 303-590-3030
and using the access code 4614394#.
Connect to the webcast via the Events and Presentations pages
of Susser Holdings Corporation's Investor Relations website at
http://investor.susser.com or Susser Petroleum Partners LP's
By Webcast: Investor Relations website at
http://investor.susserpetroleumpartners.com. Please log in at
least 10 minutes in advance to register and download any
necessary software. A replay will be available shortly after
Susser Holdings Corporation is a third-generation family led business based in
Corpus Christi, Texas that operates over 560 convenience stores in Texas, New
Mexico and Oklahoma under the Stripes® banner. Restaurant service is available
in approximately 355 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.
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 December 30, 2012 and subsequent quarterly filings as well as the
"Risk Factors" section of Susser Petroleum Partners' Prospectus filed with the
Securities and Exchange Commission on September 21, 2012 and Susser Petroleum
Partners' Form 10-K for the year ended December 31, 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.
Susser Holdings Corporation Dennard-Lascar Associates
Susser Petroleum Partners LP Anne Pearson, Senior Vice President
Mary Sullivan, Chief Financial (210) 408-6321,
(361) 884-2463, Ben Burnham, Vice President
SOURCE Susser Holdings Corporation; Susser Petroleum Partners LP
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