Susser Holdings drives by analysts’ estimates for Q2
Shares of Susser Holdings (Nasdaq: SUSS) climbed 23.3% Thursday after the convenience store operator reported higher second-quarter earnings that beat analysts’ estimates by $0.33.
The Corpus Christi, Tx.-based firm earned $6.7 million, or $0.39 per share, for the second quarter, versus net income of $6.3 million, or $0.37 per share, in the year-ago quarter. Susser said earnings were driven by higher merchandise sales and margins largely attributable to last year’s acquisition of more stores.
Analysts had estimated earnings of $0.06 per share.
At 1:11 p.m., Susser Holdings has gained 24%, or $2.86, to $14.92. The stock has traded between $7.68 and $28.49 in the past year. For detailed price information and recent news stories about Susser Holdings, click SUSS.
