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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)
Ended March 31,
The following information was filed by 7 Eleven Inc on Tuesday, April 26, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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