Susser will release its first quarter 2009 results on May 7, the company said.
It is coming off of a good year; the retailer recently reported that that "2008 was the best year in our history. Even though we faced headwinds [image-nocss] throughout last year...we achieved near record growth across most of our categories," president and CEO Sam Susser said on a quarterly earnings conference call.
At that time, he was relatively conservative in estimating results for 2009. "We have provided guidance on same-store sales growth of 3% to 5.5% and retail fuel margins of 12.5 to 16.5 cents per gallon, just slightly lower than the prior year's performance," he said. "This is not because we are seeing significant weakness in either of our geographic regions, but because we think it's smart to be a little more conservative in our planning given the recessionary pressures and the credit crunch impacting the global economy." (Click here for previous CSP Daily News coverage.)
He also recently talked about acquisitions. (Click here for coverage.)
Corpus Christi, Texas-based Susser Holdings is a third-generation family led business that operates convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in more than 290 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The company also supplies branded motor fuel to approximately 370 independent dealers through its wholesale fuel division.
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