Posted: Jan 15, 2014 4:23 AM
Updated: Jan 15, 2014 4:23 AM
CORPUS CHRISTI, Texas (AP) Susser Holdings Corp. has announced it anticipates fourth-quarter merchandise sales at stores open at least a year rose about 2.4 percent.
The Corpus Christi-based company, which sells gasoline and merchandise at convenience stores, said Tuesday that it expects a 3 percent increase in the figure for the full year.
This metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.
Susser Petroleum Partners LP foresees about a 15 percent rise in total gallons for the quarter and an 8 percent increase for the full year.
Susser Holdings is majority owner of Susser Petroleum, a master limited partnership that distributes fuel to Stripes stores and other companies.