7-Eleven Sales Rise in June

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7-Eleven Sales Rise in June

07/11/2001
7-Eleven Inc., which operates more than 5,700 convenience stores in the United States, reported the largest same-store merchandise sales increase for its U.S. stores this year at 6.6 percent for June 2001, on top of a 7.7 percent increase for June 2000.

Total merchandise sales in June 2001 were $635.6 million, an increase of 7.7 percent over the June 2000 total of $590.1 million. Driving the strong performance were the heightened sales of prepaid telephone cards, beverages, cigarettes and fuel.

During the month of June, 7-Eleven introduced a number of proprietary products like the jumbo cinnamon roll, candy gulp, a fresh confection developed by 7-Eleven, as well as popular products like the apple cinnamon pie snack stick.

Year-to-date merchandise sales are $3.38 billion for 2001 compared to $3.23 billion for 2000, a 5.2 percent increase over the same period last year. U.S. same-store sales year-to-date for 2001 are up 4.2 percent.

Gasoline sales for June 2001 were $263.1 million, an increase of 7.1 percent over the prior year period of $245.7 million. Gasoline sales year-to-date totaled $1.45 billion, an increase of 11.2 percent.

In June, the average gallons of gasoline sold per store increased 2.2 percent and year-to-date average gallons sold have increased 2.8 percent.