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Exhibit 99.1
7-ELEVEN, INC. POSTS 8.7% INCREASE IN TOTAL REVENUE;
FIRST QUARTER MERCHANDISE SALES INCREASE 5.0% TO $1.9 BILLION;
COMPANY UPDATES 2005 GUIDANCE
First Quarter 2005 Highlights:
| Reported core earnings of $15.1 million, or $0.13 per diluted share, compared to $12.9 million, or $0.11 per share in first quarter 2004 |
| Achieved increase of total revenue of $237.7 million, or 8.7 percent, to $3.0 billion |
| Increased total merchandise sales by $89.5 million, or 5.0 percent, to $1.9 billion |
| Produced a 4.6 percent increase in U.S. same-store merchandise sales, on top of a 6.1 percent increase in first quarter 2004 |
| Improved merchandise gross profit 6.8 percent to $671.9 million |
| Reached a global 7-Eleven store count of approximately 28,000 stores |
| In early April, negotiated a favorable amendment to extend the previous wholesale agreement with McLane Company, Inc. for two additional years |
DALLAS, April 26, 20057-Eleven, Inc. (NYSE: SE), today reported that core earnings, which exclude non-operating items, grew to $15.1 million, or $0.13 per diluted share, for the quarter ended March 31, 2005. This compares to core earnings of $12.9 million, or $0.11 per diluted share, for the first quarter of 2004. First quarter net earnings for 2005 were $20.9 million, or $0.18 per diluted share, compared to net earnings of $4.1 million, or $0.04 per diluted share, in the same quarter a year ago.
EARNINGS SUMMARY (Unaudited)
($ in millions)
Three Months Ended March 31, |
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