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    7-Eleven Reports Boost in July Profits

    U.S. same-store merchandise sales rise 4.2 percent.

    DALLAS -- 7-Eleven Inc. reported July 2004 sales results of $1.1 billion, an increase of 11.8 percent over the July 2003 total of $991 million. Total merchandise sales for July 2004 were $733.2 million, an increase of 4.6 percent over the July 2003 total of $701.2 million. U.S. same-store merchandise sales for July 2004 increased 4.2 percent, on top of a 3.6 percent increase in July 2003.

    Gasoline sales for July 2004 were $375.1 million, a 29.4 percent increase compared to $289.8 million in the prior-year period. Average gallons sold per store increased 3.6 percent in July 2004 compared to the July 2003 result. The average retail price of gasoline for July 2004 was $1.94, compared to $1.55 in July 2003.

    The following results compare year-to-date results through July 2004 to the same period last year:

    * U.S. same-store merchandise sales increased 6.2 percent, on top of a 2.6 percent increase for 2003.

    * Merchandise sales were $4.56 billion, an increase of 7.0 percent.

    * Gasoline sales totaled $2.4 billion, an increase of 22.4 percent. Average gallons sold per store increased 5.9 percent.

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