7-Eleven's Solid September Sales
Total sales up nearly 21%
Published in CSP Daily News
DALLAS -- 7-Eleven Inc. has reported that total September 2005 sales were $1.2438 billion, an increase of 20.7% over September 2004 sales of $1.0307 billion. The sales increase for September was primarily due to a sharp rise in retail gasoline prices, as well as a solid increase in merchandise sales.
Total merchandise sales for September 2005 were $715.8 million, an increase of 5.5% over the September 2004 total of $678.7 million. U.S. same-store merchandise sales for September 2005 increased 4%, on top of a 6.5% increase in September 2004.
Gasoline sales for September 2005 were $528 million, a 50% increase compared to $352 million in the prior-year period. Average gallons sold per store decreased 2% in September 2005 compared to an increase of 6.7% in September 2004. The average retail price of a gallon of gasoline for September 2005 was $2.91, compared to $1.90 in September 2004.
Year to date, U.S. same-store merchandise sales grew 4.9%, on top of 5.7% for 2004. Merchandise sales totaled $6.29 billion, an increase of 5.6%. Gasoline sales totaled $3.83 billion, an increase of 22.7%. Average gallons sold per store increased 0.9%, on top of 5.7% for 2004. The average retail price of a gallon of gasoline was $2.27, compared to $1.85 in 2004.
Dallas-based 7-Eleven operates or franchises approximately 5,800 stores in the United States and Canada and licenses approximately 22,700 stores in 17 other countries and U.S. territories throughout the world. During 2004, 7-Eleven stores worldwide generated total sales of approximately $41 billion.