7-Eleven, Inc. Reports March 2005 Sales Results; U.S. Same-Store Merchandise Sales Rise 3.5 Percent
DALLAS, April 8 -- 7-Eleven, Inc. , today reported March 2005 sales results. Total March 2005 sales were $1,070.3 million, an increase of 9.5 percent over March 2004 sales of $977.4 million. Total merchandise sales for March 2005 were $669.1 million, an increase of 4.6 percent over the March 2004 total of $639.9 million. U.S. same-store merchandise sales for March 2005 increased 3.5 percent, on top of a 7.3 percent increase in March 2004.
Gasoline sales for March 2005 were $401.2 million, an 18.9 percent increase compared to $337.5 million in the prior-year period. Average gallons sold per store increased 1.2 percent in March 2005 compared to an increase of 7.7 percent in March 2004. The average retail price of a gallon of gasoline for March 2005 was $2.11, compared to $1.79 in March 2004.
Year-to-Date Results
The results below compare year-to-date results through March 2005 to the same period last year:
* U.S. same-store merchandise sales have grown 4.6 percent, on top of 6.1 percent for 2004. * Merchandise sales total $1,873.6 million, an increase of 4.5 percent. * Gasoline sales total $1,074.4 million, an increase of 15.8 percent. * Average gallons sold per store have increased 1.2 percent, on top of 7.2 percent for 2004. * The average retail price of a gallon of gasoline is $1.97, compared to $1.70 in 2004. First Quarter 2005
7-Eleven, Inc. will release financial results for its first quarter ended March 31, 2005, before the market opens on Tuesday, April 26, 2005. The company will host a conference call led by 7-Eleven's president and chief executive officer, Jim Keyes, and senior vice president and chief financial officer, Ed Moneypenny.
The conference call will start at 9:00 a.m. (ET) and last about one hour. To access the call, please dial 877-707-9628 approximately 5 to 10 minutes prior to the start time and ask to be connected to the 7-Eleven conference call. For international callers, the dial-in number is 785-832-1508. The conference call will be Web cast live and can be accessed through the investor relations section of the 7-Eleven Web site. The address is http://www.7-eleven.com/ .
U.S. Same-Store Merchandise Sales Calculation
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.
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 22,000 7-Eleven stores in 17 other countries and U.S. territories throughout the world. During 2004, 7-Eleven stores worldwide generated total sales of more than $41 billion. Find out more online at http://www.7-eleven.com/ .
Contact Information: Carole Davidson, CFA Margaret Chabris Vice President, Investor Relations Media Relations (214) 828-7021 (214) 828-7345