Susser Holdings opens two stores; expects 1.9% same-store sales growth

Corpus Christi, Texas -- Susser Holdings opened two new Stripes convenience stores during the first quarter of fiscal 2014 and acquired 47 convenience stores at the end of January 2014 that are currently operating under the Sac-N-Pac brand. The company has acquired one additional convenience store to date in the second quarter, and currently has 17 under construction.

In addition, for the first quarter of fiscal 2014, Susser Holdings expects to report same-store merchandise sales growth of approximately 1.9%, which it says was dampened by the shift of Easter from the first to the second quarter of this fiscal year.

Twenty-seven new dealer sites were added in the wholesale segment during the first quarter, including 19 acquired in conjunction with the Sac-N-Pac acquisition, and two sites were discontinued. Susser Holdings and Susser Petroleum Partners completed sale leaseback transactions for seven new Stripes locations during the first quarter.

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