7-Eleven, Inc. Reports October 2004 Sales Results; Total Merchandise Sales Rise 4.5 Percent
DALLAS, Nov. 8, 2004 -- 7-Eleven, Inc. , the largest chain in the convenience retailing industry, today reported October 2004 sales results. Total October 2004 sales were $1,082.5 million, an increase of 14.8 percent over the October 2003 total of $942.8 million. Total merchandise sales for October 2004 were $680.4 million, an increase of 4.5 percent over the October 2003 total of $651.0 million. U.S. same-store merchandise sales for October 2004 increased 3.8 percent, on top of a 7.6 percent increase in October 2003.
Gasoline sales for October 2004 were $402.1 million, a 37.8 percent increase compared to $291.8 million in the prior-year period. Average gallons sold per store increased 7.0 percent in October 2004 compared to the October 2003 result. The average retail price of gasoline for October 2004 was $2.04, compared to $1.58 in October 2003.
Year-to-Date Results
The following results compare year-to-date results through October 2004 to the same period last year:
-- U.S. same-store merchandise sales increased 5.5 percent, on top of a 3.1 percent increase for 2003. -- Merchandise sales are $6,641.3 million, an increase of 6.2 percent. -- Gasoline sales total $3,522.4 million, an increase of 23.0 percent. -- Average gallons sold per store have increased 5.9 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 21,000 7-Eleven stores in 17 other countries and U.S. territories around the world. During 2003, 7-Eleven stores worldwide generated total sales of more than $36 billion. Find out more online at http://www.7-eleven.com/ .
Contacts: Investor Relations: Media: Carole Davidson, CFA Margaret Chabris (214) 828-7021 (214) 828-7345