7-Eleven, Inc. Reports Strong April 2004 Sales Results; U.S. Same-Store Merchandise Sales Rise 8.2 Percent
DALLAS, May 10, 2004 -- 7-Eleven, Inc. , the largest chain in the convenience retailing industry, today reported April 2004 sales results. Total April 2004 sales were $987.9 million, an increase of 12.6 percent over the April 2003 total of $877.1 million. Total merchandise sales for April 2004 were $647.7 million, an increase of 8.7 percent over the April 2003 total of $596.1 million. U.S. same-store merchandise sales for April 2004 increased 8.2 percent, on top of a 0.6 percent increase in April 2003.
Gasoline sales for April 2004 were $340.2 million, a 21.1 percent increase compared to $281.0 million in the prior-year period. Average gallons sold per store increased 8.8 percent in April 2004 compared to the April 2003 result. The average retail price of gasoline for April 2004 was $1.84, compared to $1.64 in April 2003.
Year-to-Date Results
The following results compare year-to-date results through April 2004 to the same period last year:
-- U.S. same-store merchandise sales increased 6.6 percent, on top of a 2.9 percent increase for 2003. -- Merchandise sales are $2,440.9 million, an increase of 7.8 percent. -- Gasoline sales total $1,268.1 million, an increase of 13.8 percent. -- Average gallons sold per store have increased 7.6 percent. 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 20,500 7-Eleven stores in 17 other countries and U.S. territories throughout the world. During 2003, 7-Eleven stores worldwide generated total sales of more than $36 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