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|Murphy USA Announces Opening of its 1,400th Store in Lafayette, Louisiana|
EL DORADO, Arkansas, January 3, 2017 - Murphy USA Inc. (NYSE: MUSA) announces the grand opening of its 1,400th location in Lafayette, Louisiana. The 3,450 square foot Murphy Express will be open 24 hours and provide customers competitive low-priced gasoline along with a wide assortment of convenience items.
"The opening of our 1,400th location represents another important milestone for the company as we deliver on our stated goal of growing our network by more than 60 stores in 2016," President and CEO Andrew Clyde said.
Located at 900 Ambassador Caffery Parkway, this Murphy Express features eight fueling dispensers, each offering ethanol-free and diesel products, in addition to regular, mid-grade and super unleaded fuel choices. The store will also offer an extensive mix of beverages, including a beer cave, 20 fountain options, eight ICEE flavors, and four coffee stations along with a large variety of snacks, hot and cold food items, and other merchandise. Clyde added, "We are excited about our newest store in Louisiana offering affordable convenience and we are proud of our dedicated team of Murphy employees who deliver exceptional customer service to both the Lafayette community and every neighborhood we serve."
Certain statements in this news release contain or may suggest "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to anticipated store openings, fuel margins, merchandise margins, sales of RINs and trends in our operations. Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: our ability to continue to maintain a good business relationship with Walmart; successful execution of our growth strategy, including our ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with our newly planned stores which may be impacted by the financial health of third parties; our ability to effectively manage our inventory, disruptions in our supply chain and our ability to control costs; the impact of any systems failures, cybersecurity and/or security breaches, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or our compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of our information technology strategy; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt our revenues and impact gross margins; efficient and proper allocation of our capital resources; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Our SEC reports, including the most recently filed Annual Report on our Form 10-K, our Quarterly Report on Form 10-Q, and 8-K updates contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
About Murphy USA
Christian Pikul - Director of Investor Relations
Office - 870-875-7683
Joe Van Cavage - Investor Relations Analyst
Office - 870-875-7522
Media/Public Relations Contact:
Jerianne Thomas - Director of Communications
Office - 870-875-7770