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

7 Eleven Inc

CIK: 92344

Exhibit 99.1

 

LOGO

 

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, 2005—7-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
September 30,


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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SEC Filing Tools
CIK: 92344
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-05-221541
Submitted to the SEC: Wed Nov 09 2005 4:07:21 PM EST
Accepted by the SEC: Wed Nov 09 2005
Period: Friday, September 30, 2005
Industry: Retail Convenience Stores

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