Current Report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Act of 1934

Date of Report (Date of Earliest Event Reported):

July 20, 2010

Commission file number: 001-33084

 

 

SUSSER HOLDINGS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   01-0864257

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

4525 Ayers Street

Corpus Christi, Texas 78415

(Address of principal executive offices, including zip codes)

Registrant’s telephone number, including area code: (361) 884-2463

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 2.02 Results of Operations and Financial Condition.

The following information is furnished under Item 2.02, “Results of Operations and Financial Condition.” This information, including the information contained in Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On July 20, 2010, Susser Holdings Corporation issued a news release that included certain expected financial results for the second fiscal quarter ended July 4, 2010. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

The following exhibits are filed herewith:

 

Exhibit
Number

  

Exhibit Description

99.1    News Release of Susser Holdings Corporation, dated July 20, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SUSSER HOLDINGS CORPORATION
Date: July 20, 2010   By:   / S /    M ARY E. S ULLIVAN        
  Name:   Mary E. Sullivan
  Title:   Executive Vice President and Chief Financial Officer

Exhibit 99.1

 

LOGO   NEWS RELEASE
  Contacts:    Susser Holdings Corporation
     Mary Sullivan, Chief Financial Officer
     (361) 693-3743, msullivan@susser.com
FOR IMMEDIATE RELEASE      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

Susser Holdings Provides Second Quarter 2010 Operating Results Update

Earnings conference call set for 11 a.m. ET August 11 to discuss complete results

 

  •  

Same-store merchandise sales up 3.1%

 

  •  

Average retail fuel volumes per store increase 1.8%

CORPUS CHRISTI, Texas, July 20, 2010 – Susser Holdings Corporation (NASDAQ: SUSS) said today it expects to report same-store merchandise sales growth for the second quarter of 2010 of approximately 3.1 percent. Retail average per-store fuel volumes are expected to increase by 1.8 percent year-over-year.

For the first half of 2010, the Company expects to report same-store merchandise sales growth of 2.8 percent and retail average per-store fuel volume growth of 0.8 percent.

Second Quarter Earnings Conference Call

Susser will release its second quarter 2010 financial and operating results on Wednesday, August 11, before the market opens. In conjunction with the release, the Company has scheduled a conference call that will be broadcast live over the Internet the same day at 11 a.m. Eastern Time.

 

What:   Susser Holdings Corporation Second Quarter 2010 Earnings Conference Call
When:   Wednesday, August 11, at 11 a.m. ET

Participate live via phone by dialing 480-629-9724 or live over the Internet by logging onto the Company’s web site at www.susser.com on the “Events & Presentations” page of the Investor Relations section. A telephonic replay will be available through August 20 by calling 303-590-3030 and using the access code 4331499#. 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 operates more than 520 convenience stores in Texas, New Mexico and Oklahoma primarily under the Stripes and Town & Country banners. Restaurant service is available in more than 300 of its stores, primarily under the proprietary Laredo Taco Company and Country Cookin’ brands. The Company also supplies branded motor fuel to approximately 390 independent dealers through its wholesale fuel division.

Susser Holdings Corporation – Page 2

 

Forward-Looking Statements

This news release contains “forward-looking statements” describing Susser’s objectives, targets, plans, strategies, costs, anticipated capital expenditures, 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; 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 January 3, 2010, and subsequent quarterly reports. 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.

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SUSS-IR