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    7-Eleven Sales Up 16.8 Percent Over Last Year

    U.S. same-store merchandise purchases rise $50 million.

    DALLAS -- 7-Eleven Inc. reported May 2004 sales of $1.09 billion, an increase of 16.8 percent over the May 2003 total of $930.3 million. Total merchandise sales for May 2004 were $699.5 million, an increase of 7.8 percent over the May 2003 total of $648.9 million. U.S. same-store merchandise sales for May 2004 increased 7.8 percent, on top of a 4.0 percent increase in May 2003.

    Gasoline sales for May 2004 were $387.4 million, a 37.6 percent increase compared to $281.4 million in the prior-year period. Average gallons sold per store increased 5.2 percent in May 2004 compared to the May 2003 result. The average retail price of gasoline for May 2004 was $2.01 per gallon, compared to $1.53 in May 2003.

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

    * U.S. same-store merchandise sales increased 6.9 percent, on top of a 3.1 percent increase for 2003.

    * Merchandise sales were $3.14 billion, an increase of 7.8 percent.

    * Gasoline sales totaled $1.65 billion, an increase of 18.6 percent.

    * Average gallons sold per store increased 7.0 percent.

    7-Eleven Inc. is planning on releasing second-quarter 2004 financial results on July 22, before the market opens.

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