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7 Eleven Inc (92344) SEC Filing 10-Q Quarterly report for the period ending Thursday, June 30, 2005

7 Eleven Inc

CIK: 92344

Exhibit 99.1

 

LOGO

 

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 company’s wholesale agreement with McLane Company, Inc.

 

    Reached a global 7-Eleven store count of approximately 28,500 stores

 

DALLAS, July 26, 2005—7-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

June 30,


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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7 Eleven Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2005 10-K Annual Report includes:

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SEC Filing Tools
CIK: 92344
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-05-157781
Submitted to the SEC: Thu Aug 04 2005 4:16:30 PM EST
Accepted by the SEC: Thu Aug 04 2005
Period: Thursday, June 30, 2005
Industry: Retail Convenience Stores

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