High Gas Prices Lead to Sales Increase at 7-Eleven
DALLAS -- 7-Eleven Inc.'s total September 2005 sales were $1.24 billion, an increase of 20.7 percent over September 2004 sales of $1.03 billion — due mostly to a sharp rise in retail gasoline prices, as well as a solid increase in merchandise sales.
Total merchandise sales for September 2005 were $715.8 million, an increase of 5.5 percent over the September 2004 total of $678.7 million. U.S. same-store merchandise sales for September 2005 increased 4.0 percent, on top of a 6.5 percent increase in September 2004.
Gasoline sales for September 2005 were $528.0 million, a 50.0 percent increase compared to $352.0 million in the prior-year period. Average gallons sold per store decreased 2.0 percent in September 2005 compared to an increase of 6.7 percent in September 2004. However, the average retail price of a gallon of gasoline for September 2005 was $2.91, compared to $1.90 in September 2004.
Comparing year-to-date results through September 2005 to the same period last year, U.S. same-store merchandise sales have grown 4.9 percent, on top of 5.7 percent for 2004; merchandise sales total $6.29 billion, an increase of 5.6 percent; gasoline sales total $3.83 billion, an increase of 22.7 percent; average gallons sold per store have increased 0.9 percent, on top of 5.7 percent for 2004 and the average retail price of a gallon of gasoline was $2.27, compared to $1.85 in 2004.
When determining the same-store merchandise sales calculation, the company includes the merchandise sales of both its U.S. company-owned and franchise-operated stores if they were operating for all days of the periods being compared. New stores, relocated stores or rebuilt stores are not included in the same-store sales calculation until they have recorded merchandise sales for all days of the periods being compared.
Total merchandise sales for September 2005 were $715.8 million, an increase of 5.5 percent over the September 2004 total of $678.7 million. U.S. same-store merchandise sales for September 2005 increased 4.0 percent, on top of a 6.5 percent increase in September 2004.
Gasoline sales for September 2005 were $528.0 million, a 50.0 percent increase compared to $352.0 million in the prior-year period. Average gallons sold per store decreased 2.0 percent in September 2005 compared to an increase of 6.7 percent in September 2004. However, the average retail price of a gallon of gasoline for September 2005 was $2.91, compared to $1.90 in September 2004.
Comparing year-to-date results through September 2005 to the same period last year, U.S. same-store merchandise sales have grown 4.9 percent, on top of 5.7 percent for 2004; merchandise sales total $6.29 billion, an increase of 5.6 percent; gasoline sales total $3.83 billion, an increase of 22.7 percent; average gallons sold per store have increased 0.9 percent, on top of 5.7 percent for 2004 and the average retail price of a gallon of gasoline was $2.27, compared to $1.85 in 2004.
When determining the same-store merchandise sales calculation, the company includes the merchandise sales of both its U.S. company-owned and franchise-operated stores if they were operating for all days of the periods being compared. New stores, relocated stores or rebuilt stores are not included in the same-store sales calculation until they have recorded merchandise sales for all days of the periods being compared.