7-Eleven Same-Store Sales Helped by Outside Factors

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7-Eleven Same-Store Sales Helped by Outside Factors

11/13/2003
DALLAS -- Convenience store operator 7-Eleven Inc. said its same-store sales, which rose 8.1 percent in October, were helped by grocery store strikes in California, according to a Reuters report.

Another factor with an impact on same-store sales was the Washington, D.C.-area sniper attacks last year. The company noted that last year's October sales were hurt by the attacks, so this year's results looked better by comparison.

The Dallas-based retailer said total merchandise sales, which exclude gasoline, increased 9.6 percent to $673.1 million.

Gasoline sales rose 11.2 percent to $291.8 million, with the average retail price rising to $1.58 per gallon from $1.48 a year ago.

The retailer said the Southern California grocery store strikes and the year-over-year impact of the sniper attacks added about 3 percent to its same-store sales.