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7-ELEVEN, INC. ANNOUNCES RESULTS FOR 2005 THIRD QUARTER;
MERCHANDISE SALES GROW 6.7%;
COMPANY RAISES 2005 CORE EARNINGS GUIDANCE
Third Quarter 2005 Highlights:
|||Grew core earnings by 53.3 percent to $66.3 million, or $0.52 per diluted share, compared to $43.2 million, or $0.35 per diluted share, in third quarter 2004|
|||Increased total revenue $556.3 million, or 17.2 percent, to $3.8 billion|
|||Increased total merchandise sales by $142.4 million, or 6.7 percent, to $2.3 billion|
|||Produced a 4.9 percent increase in U.S. same-store merchandise sales, on top of a 4.2 percent increase in third quarter 2004|
|||Improved merchandise gross profit 6.5 percent to $817.0 million|
|||Achieved record quarterly gasoline gross profit of $120.8 million with a gasoline margin of 20.8 cents-per-gallon|
|||Reached global 7-Eleven store count of approximately 29,000 stores|
|||Raising 2005 core earnings guidance to a range of $1.30 to $1.33 per diluted share from previous guidance of $1.12 to $1.16 per diluted share|
DALLAS, October 25, 20057-Eleven, Inc. (NYSE: SE), today reported that core earnings, which exclude non-operating items, grew 53.3 percent to $66.3 million, or $0.52 per diluted share, for the quarter ended September 30, 2005. This compares to core earnings of $43.2 million, or $0.35 per diluted share, for the third quarter of 2004. Net earnings for the third quarter of 2005 were $68.3 million, or $0.53 per diluted share, compared to $44.2 million, or $0.36 per diluted share a year ago.
EARNINGS SUMMARY (Unaudited)
($ in millions)
|Three Months Ended|
The following information was filed by 7 Eleven Inc on Wednesday, October 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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