Susser Holdings Provides Second Quarter 2012 Preliminary Results, Announces Secondary Offering of Common Stock by Wellspring

Susser Holdings Corporation SUSS today provided partial preliminary financial and operating results for the second quarter of 2012. Separately, the Company today announced the commencement of an underwritten public secondary offering by its largest shareholder, Wellspring Capital Management, of 4.0 million of its shares of Susser Holdings Corporation common stock. In connection with the offering, Wellspring will grant the underwriters an option to purchase up to 600,000 additional shares. A preliminary prospectus supplement relating to the secondary offering was publicly filed with the United States Securities and Exchange Commission ("SEC") and is available on the SEC's website. 2nd Quarter Partial Preliminary Results For the quarter ended July 1, 2012, the Company expects to report: Same-store merchandise sales growth of approximately 8.0 percent year-over-year, versus growth of 5.8 percent for the year-earlier period. Total merchandise sales of approximately $253 million, up 11.8 percent from a year ago. Average merchandise margin of 33.9 - 34.3 percent, versus 34.0 percent in the second quarter of 2011. Retail average per-store fuel volume growth of approximately 8.0 percent year-over-year, versus growth of 3.6 percent for the prior-year period. Retail fuel margin of approximately 32.1 - 32.6 cents per gallon, compared with 31.2 cents per gallon a year ago. Wholesale fuel margin of approximately 6.9 - 7.4 cents per gallon, versus 7.0 cents per gallon in the year-ago period. Total retail fuel sold of approximately 215 million gallons, up 10.7 percent from a year ago. Total wholesale fuel sold of approximately 153 million gallons, up 19.8 percent from a year earlier. Consolidated gross profit of approximately $177 - $182 million, versus $158.9 million a year ago. Total selling, general and administrative (SG&A) expense of approximately $106 - $111 million, versus $99.1 million in the second quarter of last year. SG&A expense includes personnel, general and administrative, rent, credit card, utilities, maintenance and other operating expenses. It excludes depreciation, amortization and gain/loss on disposal of assets. Included in second quarter 2012 SG&A is non-cash stock compensation expense of approximately $1.7 million.