Susser Holdings Posts Profit In Q2 - Quick Facts

By RTT News, 
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(RTTNews.com) - Susser Holdings Corp. ( SUSS ) Friday reported second-quarter net income attributable to the company of $12.3 million or $0.56 per share, compared with a net loss of $4.3 million or $0.20 per share last year.

The current quarter results included the impact of $3.1 million of pre-tax charges related to the proposed merger with a unit of Energy Transfer Partners, L.P.

Excluding these charges, adjusted earnings were $14.3 million or $0.66 per share. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.93 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues improved by 19.7 percent to $1.9 billion from $1.6 billion a year ago. This increase reflects a 15.8 percent increase in merchandise sales, a 15.0 percent increase in retail fuel sales and a 30.5 percent increase in wholesale fuel sales to third parties. Analysts estimated revenues of $1.79 billion.

Same-store merchandise sales, which included the Easter holiday, rose by 4.0 percent, compared with a growth of 2.2 percent in the year-ago period.

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This article appears in: Earnings

Referenced Stocks: ETP , SUSS , TRI

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