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7-Eleven Up

11/08/2002
DALLAS -- 7-Eleven Inc., operator of 5,800 convenience stores in North America, reported total merchandise sales for October 2002 were $614.1 million, an increase of 5 percent over the October 2001 total of $584.9 million. U.S. same-store merchandise sales for the month increased 3.9 percent, on top of a 5.2 percent increase in October 2001.

Gasoline sales for October 2002 were $262.4 million, a 19.3 percent increase compared to $219.9 million in the same period last year. Average gallons sold per store increased 7.3 percent in October compared to the October 2001 result. The average retail price of gasoline for October was $1.48, compared to $1.35 last year.

For the year, 7-Eleven said same-store sales are up 3.1 percent, on top of a 4.9 percent increase for 2001. Fuel sales for the year, however, are down 2.3 percent. Average gasoline gallons sold per store per month have grown 4.5 percent.