7-Eleven's September Sales Results Over $1 Billion

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7-Eleven's September Sales Results Over $1 Billion

10/12/2004
DALLAS -- 7-Eleven Inc. reported September sales of $1.03 billion, an increase of 10.7 percent over the September 2003 total of $931.7 million. Total merchandise sales for September 2004 were $679.6 million, an increase of 7 percent over the September 2003 total of $635.5 million. U.S. same-store merchandise sales for September 2004 increased 6.5 percent, on top of a 1.6 percent increase in September 2003.

Gasoline sales for September 2004 were $352 million, an 18.8 percent increase compared to $296.2 million in the prior-year period. Average gallons sold per store increased 6.7 percent in September 2004 compared to the September 2003 result. The average retail price of gasoline for September 2004 was $1.90, compared to $1.70 in September 2003.

The following results compare year-to-date results through September 2004 to the same period last year:

* U.S. same-store merchandise sales increased 5.7 percent, on top of a 2.6 percent increase for 2003.

* Merchandise sales were $5.97 billion, an increase of 6.4 percent.

* Gasoline sales totaled $3.12 billion, an increase of 21.4 percent.

* Average gallons sold per store increased 5.7 percent.

7-Eleven will release financial results for its third quarter ended Sept. 30 before the market opens on Oct. 28. The company will host a conference call led by 7-Eleven's president and CEO, Jim Keyes, and senior vice president and CFO, Ed Moneypenny.