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    7-Eleven Store Sales Rise

    Fuel revenue drops despite a spike in volume.

    DALLAS -- 7-Eleven Inc., operator of more than 5,800 convenience stores in North America, reported a 3.4-percent increase in its U.S. same-store merchandise sales for April 2002. Total merchandise sales for April 2002 were $594.8 million, an increase of 3.6 percent over the April 2001 total of $574.2 million.

    Gasoline sales for April dipped to $240.7 million from $246.1 million in the same period last year. Overall sales revenue decreased 2.2 percent, primarily due to a 13-cent per gallon decline in the average retail price of gasoline from April 2001. The average retail price per gallon for April 2002 was $1.46, compared to $1.59 in April 2001.

    Although sales were lower, the average gallons of gasoline sold per store increased 4.3 percent in April 2002 compared to April 2001.

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