Full-year same-store sales and per-store fuel volume growth were in the middle of the company's 2009 guidance. Both numbers exclude the impact of the 53rd week in 2009, for comparison against [image-nocss] the prior year.
"Last year was the 21st consecutive year that Susser realized positive annual same-store sales growth," said Sam L. Susser, president and chief executive officer. "The fourth-quarter merchandise comparison reflects the fact that the recession accelerated in Texas in the last part of 2009. Our fourth-quarter retail fuel volume also compares against a three-month period of increasing gasoline demand a year earlier, fueled by falling prices at the pump. The company was cycling up against growth in same-store merchandise of 6.5% and in average per-store fuel volume of 6.2% in the fourth quarter of 2008."
Corpus Christi, Texas-based Susser Holdings is a third-generation, family-led business that operates more than 520 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in more than 300 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The company also supplies branded motor fuel to approximately 380 independent dealers through its wholesale fuel division.
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