Michael Vellucci

Susser Holdings: A Stable, Reliable Investment For Years To Come

Business Overview:

Susser Holdings Corporation (NYSE:SUSS) is the largest operator of convenience stores ("c-stores") in the state of Texas and one of the largest distributors of motor fuel by volume in Texas. The company is the 11th largest c-store chain in the U.S.

Susser has two business segments:

  1. Retail Operations (54% of gross profit) - Operates 559 c-stores under the "Stripes" brand across Texas, New Mexico and Oklahoma, offering merchandise, food service, motor fuel and other services. Top selling categories are: food service (22% of 2012 retail sales), cigarettes (19%), beer (18%), drinks (17%) and snacks (7%). Additionally, 352 of the 559 c-stores feature in-store restaurants, allowing it to serve fresh-made food, which drives increased foot traffic and
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