CORPUS CHRISTI, Texas -- Susser Holdings Corp. said that it expects to report same-store merchandise sales growth for fourth-quarter 2011 of approximately 5% compared with fourth-quarter 2010. Retail average per-store fuel volumes are expected to increase by about 7.2% from a year ago.
For the full year 2011, Susser expects same-store merchandise sales growth of approximately 6.0% and retail average per-store fuel volume growth of about 4.9% versus full year 2010.
During fourth-quarter 2011, the company opened six new large-format convenience stores for a total of 541 as of yearend. For the full year, the company opened 19 new stores and closed four.
127 new wholesale dealer sites were added during the fourth quarter, including the 121 acquired in October, and two were discontinued for a total of 565 dealer sites at yearend. Susser added a total of 142 dealer sites and discontinued eight during fiscal 2011.
Corpus Christi, Texas-based Susser Holdings is a third-generation, family-led business with approximately 1,100 company-operated or contracted locations. It operates more than 540 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner. Restaurant service is available in more than 325 of its stores, primarily under the proprietary Laredo Taco Co. brand. The company also supplies branded motor fuel to more than 560 independent dealers through its wholesale fuel division.
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