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    7-Eleven Same-Store Sales Increase

    Fuel sales, margins drop hurting overall performance.

    DALLAS -- 7-Eleven Inc., operator of more than 5,800 convenience stores, said same-store merchandise sales rose 1.4 percent for March 2002 on top of 3.8 percent for March 2001.

    Total merchandise sales for March 2002 were $576.3 million, up 1.6 percent over the March 2001 total of $567.0 million.

    Gasoline sales for March, however, suffered. Sales for the month were $221 million compared to $233 million in the same period last year. Sales decreased 5.1 percent due to a 17-cent per gallon decline in the average retail price of gasoline year-over-year.

    The average retail price per gallon for March 2002 was $1.30, compared to $1.47 in March 2001. Although sales were lower, the average gallons of gasoline sold per store increased 5 percent in March 2002, compared to the March 2001 figure.

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