Murphy USA expects Q4 merchandise contribution to rise 3.5%-4%
MUSA•Murphy USA expects fourth-quarter merchandise contribution to rise 3.5%-4%, and 2026 merchandise contribution to approach the lower end of its $890 million-$900 million guidance range. It expects more than 50 new stores to enter service in 2027, with 55 under construction.
1. Merchandise and expenses
Murphy USA expects fourth-quarter merchandise contribution to rise 3.5%-4%, supported by solid nicotine performance, and 2026 merchandise contribution to be near the lower end of its $890 million-$900 million guidance range. Full-year store operating expenses, excluding payment fees and rent, are likely to fall below guidance of $37,000-$38,000 per store per month; fourth-quarter expenses are expected to rise roughly 5%, reflecting catch-up maintenance and comparisons against earlier efficiency gains. More than 50 new stores are expected to enter service in 2027, and 55 are currently under construction.
