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DALLAS -- 7-Eleven Inc. reported June 2004 sales of $1,052.3 million, an increase of 14.1 percent over the June 2003 total of $922.5 million. Total merchandise sales for June 2004 were $688.0 million, an increase of 5.6 percent over the June 2003 total of $651.4 million. U.S. same-store merchandise sales for June 2004 increased 5.5 percent, on top of a basically flat rate in June 2003.
Gasoline sales for June 2004 were $364.3 million, a 34.4 percent increase compared to $271.1 million in the prior-year period. Average gallons sold per store increased 2.3 percent in June 2004 compared to the June 2003 result. The average retail price of gasoline for June 2004 was $2.01 per gallon, compared to $1.53 in June 2003.
The following results compare year-to-date results through June 2004 to the same period last year:
* U.S. same-store merchandise sales increased 6.6 percent, on top of a 2.5 percent increase for 2003.
* Merchandise sales are $3.83 billion, an increase of 7.4 percent.
* Gasoline sales total $2.02 billion, an increase of 21.2 percent.
*Average gallons sold per store have increased 6.2 percent.
7-Eleven will release financial results for its second quarter ended June 30, before the market opens on July 22. The company will host a conference call led by 7-Eleven's president and CEO, Jim Keyes, and senior vice president and chief financial officer, Ed Moneypenny.