CORPUS CHRISTI, Texas, Oct. 14 /PRNewswire-FirstCall/ -- Susser Holdings
Corporation (Nasdaq: SUSS) said today it expects to report same-store
merchandise sales growth for the third quarter of 2008 of approximately 4.8
percent on a reported basis and 6.7 percent on a pro forma basis. Retail
average per-store fuel volumes are expected to be down 2.4 percent on a
reported basis and down approximately 6.2 percent on a pro forma basis. The
pro forma comparisons reflect the combined results of Stripes and Town &
Country stores as if Susser had acquired Town & Country Food Stores at the
beginning of 2007.
For the first nine months of the year, Susser expects to report an
increase in same-store merchandise sales of approximately 6.7 percent on a
reported basis and 8.0 percent on a pro forma basis. Retail average per-store
fuel volumes are expected to be up by 1.5 percent on a reported basis and down
by approximately 1.5 percent on a pro forma basis.
So far in 2008, Susser has opened seven retail stores and closed two,
bringing its current retail store count to 509.
Third Quarter Earnings Conference Call
Susser will release its third quarter 2008 results on Wednesday, Nov. 5,
after the market closes. In conjunction with the release, the Company has
scheduled a conference call that will be broadcast live over the Internet on
Thursday, Nov. 6, at 11 a.m. Eastern Time.
What: Susser Holdings Third Quarter 2008 Earnings Conference Call
When: Thursday, Nov. 6, at 11 a.m. ET
How: Live via phone by dialing 303-262-2053, or live over the Internet
by logging onto the Company's web site at the address below
Where: http://www.susser.com, on the "Events & Presentations" page of the
"Investor Relations" section
A telephonic replay will be available through Nov. 13 by calling
303-590-3000 and using the pass code 11121209#. An archive of the webcast
will be available for 60 days on Susser's web site.
Corpus Christi, Texas-based Susser Holdings Corporation is a third
generation family led business that currently operates 509 convenience stores
in Texas, New Mexico and Oklahoma under the Stripes and Town & Country
banners. Restaurant service is available in over 285 of its stores, primarily
under the proprietary Laredo Taco Company and Country Cookin' brands. The
Company also supplies branded motor fuel to approximately 380 independent
dealers through its wholesale fuel division.
Forward-Looking Statements
This news release contains "forward-looking statements" describing
Susser's objectives, targets, plans, strategies, costs, anticipated capital
expenditures, expected cost savings, costs of our store re-branding
initiatives, expansion of our food service offerings, potential acquisitions
and new store openings and dealer locations. 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, including but
not limited to: competition from other convenience stores, gasoline stations,
dollar stores, drug stores, supermarkets, hypermarkets and other wholesale
fuel distributors; changes in economic conditions; volatility in energy
prices; successful integration and anticipated future financial performance
and trends of Town & Country; political conditions in key crude oil producing
regions; wholesale cost increases of tobacco products; adverse publicity
concerning food quality, food safety or other health concerns related to our
restaurant facilities; consumer or other litigation; consumer behavior, travel
and tourism trends; devaluation of the Mexican peso or restrictions on access
of Mexican citizens to the U.S.; unfavorable weather conditions; changes in
state and federal regulations; dependence on one principal supplier for
merchandise, two principal suppliers for gasoline and one principal provider
for transportation of substantially all of our motor fuel; financial leverage
and debt covenants; changes in debt ratings; inability to identify, acquire
and integrate new stores; dependence on senior management; acts of war and
terrorism; and other unforeseen factors. For a full discussion of these and
other risks and uncertainties, refer to the "Risk Factors" section of the
Company's annual report on Form 10-K for the year ended December 30, 2007 and
subsequent quarterly reports on Form 10-Q. 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
Mary Sullivan, Chief Financial Officer
(361) 693-3743, msullivan@susser.com
DRG&E
Ken Dennard, Managing Partner
(713) 529-6600, ksdennard@drg-e.com
Anne Pearson, Senior Vice President
(210) 408-6321, apearson@drg-e.com
IR-SUSS
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