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7-ELEVEN, INC. POSTS 9.1% INCREASE IN TOTAL REVENUE;
SECOND QUARTER MERCHANDISE SALES INCREASE 6.5% TO $2.2 BILLION;
COMPANY REAFFIRMS 2005 GUIDANCE
Second Quarter 2005 Highlights:
|||Reported core earnings of $55.3 million, or $0.44 per diluted share, compared to $48.1 million, or $0.39 per diluted share in second quarter 2004|
|||Achieved increase in total revenue of $286.4 million, or 9.1 percent, to $3.4 billion|
|||Increased total merchandise sales by $131.0 million, or 6.5 percent, to $2.2 billion|
|||Produced a 5.0 percent increase in U.S. same-store merchandise sales, on top of a 7.1 percent increase in second quarter 2004|
|||Improved merchandise gross profit 8.0 percent to $778.4 million|
|||Negotiated a favorable two-year extension on the companys wholesale agreement with McLane Company, Inc.|
|||Reached a global 7-Eleven store count of approximately 28,500 stores|
DALLAS, July 26, 20057-Eleven, Inc. (NYSE: SE), today reported that core earnings, which exclude non-operating items, grew to $55.3 million, or $0.44 per diluted share, for the quarter ended June 30, 2005. This compares to core earnings of $48.1 million, or $0.39 per diluted share, for the second quarter of 2004. Second quarter net earnings for 2005 were $57.2 million, or $0.45 per diluted share, compared to net earnings of $47.0 million, or $0.38 per diluted share, in the same quarter a year ago.
EARNINGS SUMMARY (Unaudited)
($ in millions)
Three Months Ended
The following information was filed by 7 Eleven Inc on Tuesday, July 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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