7-Eleven, Inc. Reports Total Merchandise Sales Rise 2.4 Percent; U.S. Same-Store Merchandise Sales Increase for 72nd Consecutive Month

DALLAS, July 10 -- 7-Eleven, Inc. today reported total sales for June 2003 of $943.6 million, an increase of 4.7 percent over the June 2002 total of $901.4 million. Total merchandise sales for June 2003 were $672.5 million, an increase of 2.4 percent over the June 2002 total of $656.5 million. U.S. same-store merchandise sales for June 2003 increased 0.7 percent, on top of a 2.4 percent increase in June 2002.

Gasoline sales for June 2003 were $271.1 million, a 10.7 percent increase compared to $244.9 million in the prior-year period. Average gallons sold per store increased 3.9 percent in June 2003 compared to the June 2002 result. The average retail price of gasoline for June 2003 was $1.53, compared to $1.44 in June 2002.

7-Eleven's U.S. sales for June were impacted by unseasonably cooler and rainier weather in several parts of the country. With a strong performance over the Fourth of July holiday weekend, 7-Eleven's U.S. same-store sales increase for the first week of July was approximately 4 percent. The company is focused on sustaining its solid multi-year sales performance by actively managing the product assortment at its stores as well as through the introduction of new products.

Year-to-Date Results

The following results compare year-to-date results through June 2003 to the same period last year:

  -- U.S. same-store merchandise sales have increased 3.3 percent, on top of
     a 3.1 percent increase for 2002.
  -- Merchandise sales are $3.7 billion, an increase of 4.9 percent.
  -- Gasoline sales total $1.7 billion, an increase of 27.3 percent.
  -- Average gallons sold per store have increased 5.1 percent.

  Second Quarter

The company is planning to release second quarter 2003 financial results on Thursday, July 31, 2003 before the market opens. A Web cast of the quarterly conference call will begin at 9:00 a.m. Eastern Time and will be accessible via the investor relations section of the company's Web site at www.7-Eleven.com .

About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 19,000 7-Eleven(R) stores in 17 countries and territories throughout the world. During 2002, 7-Eleven(R) stores worldwide generated total sales of more than $33 billion. Find out more online at www.7-Eleven.com .

  Contacts:  Investor Relations:             Media:
             Carole Davidson, CFA            Margaret Chabris
             (214) 828-7021                  (214) 828-7345