Susser quarterly results show .4% lower fuel gallons per store and $0.001 increase in retail fuel margins

Susser quarterly results show .4% lower fuel gallons per store and $0.001 increase in retail fuel margins

• Aug 11, 2014
• John Keller
• 0

Susser announced their financial results for the quarter. Here are the highlights:

1. Average gallons per store declined 0.4%. Sam Susser attributed the decline to the acquisition of the Sac-N-Pac chain of stores which have a smaller store size on average.
2. After deducting credit card expenses, net fuel margin was $0.128 per gallon, compared $0.127 the prior-year. Sam Susser attributed the downward pressure on fuel volumes and profitability to additional competitor store openings.

It has been a tough quarter from both a volume demand and margin perspective. It will be interesting to see how these results compare to the CST Brands results to be announced August 12.

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